Executive Summary

CBRE’s Self Storage Advisory Group is retained as the exclusive listing advisor for Extra Space Storage, which consists of 534 units totaling 63,220 net rentable square feet of ground‑level drive‑up and interior non‑climate‑controlled storage space, along with 76,964 net rentable square feet of uncovered parking. The well‑maintained facility is strategically located along East 11th Street, a major east‑west thoroughfare carrying approximately 29,400 vehicles per day, and is less than one‑half mile from Interstate 44, providing convenient regional access while maintaining strong local visibility and accessibility. The surrounding trade area continues to experience population growth, with 138,021 residents and 2,478 future residential units planned within a 5‑mile radius.

Tulsa, Oklahoma presents a compelling investment environment supported by strong economic performance and long‑term growth fundamentals. Employment growth continues to outpace the state average, positioning Tulsa as the best‑performing metro in Oklahoma. The region’s momentum is reinforced by substantial capital investment, including more than $7.3 billion generated in 2025 through Tulsa’s Future economic development initiatives, reflecting increasing business confidence and expanding industrial activity. Regional economists anticipate continued expansion driven by sustained employment growth, wage gains, and sector diversification—particularly within energy, manufacturing, and logistics—positioning Tulsa as a high‑potential market for future investment.

*Extra Space Storage is the Third Party Manager

Investment Highlights

SIGNIFICANT RECENT CAPITAL INVESTMENT: Current Ownership Has Completed Meaningful Capital Improvements Over the Past Year — Reducing Near‑Term CapEx Requirements for the Next Owner.

STABILIZING ASSET WITH DEMONSTRATED MOMENTUM: Improved Management Execution Has Driven Recent Gains in Occupancy and Income, While the Property Remains Below Stabilized Performance — Offering Continued Upside Through Ongoing Lease‑Up and Revenue Growth.
WELL-POPULATED AND GROWING MARKET: 138,021 Population and 2,478 Future Residential Units in the Development Pipeline (5-Mile Radius)

HIGH-VISIBILITY EAST TULSA LOCATION: Situated Along East 11th Street (Historic Route 66), the Facility Benefits from Strong Traffic Counts (29,400 VPD) and Excellent Visibility

Team

Brokerage Team

CBRE Self Storage Advisory Group provides personalized and tailored services, backed by the nation’s foremost experience and technology, driving successful real estate outcomes for individual and institution investors alike. As the industry leader in self-storage advisory, we bring unmatched buyer exposure and market knowledge to each transaction, delivering maximum value to clients.

With more than $11.4 billion in consideration and over 66.3 million square feet sold since 2009, this self storage team led by Nick Walker offers customized investment sales, acquisition and recapitalization services, together with industry-leading market intelligence, to provide unmatched exposure to buyers across the country. By leveraging the strength of CBRE’s Self Storage Advisory Group, in conjunction with market research, a seamless execution process and long-standing relationships, the team can anticipate trends and command capital globally, validating CBRE’s Self Storage Advisory Group as the safest and best choice for results in the global investment property capital market.


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