SELF STORAGE INVESTMENT OPPORTUNITY Acorn Storage Center 19199 State Highway 413 Branson West, MO 65737 JARED JONES, CCIM Jones Investment Properties 6350 S. Lewis, Suite B | Tulsa, OK 74136 | 918-948-3941 | [email protected] Confidentiality & Disclaimer The Argus Self Storage Sales Network (Argus) is not the listing agent for this property. Offers to buy or sell this property can only be made through the listing agent identified herein. Argus is a marketing consultant that provides certain marketing assistance to the listing broker and is not a party to the listing agreement or any other agreement relating to the property. The Seller is the owner or the authorized agent of the owner, of the property offered for sale and the subject of the listing agreement between Broker and Seller. Disclaimer: Neither the Seller, Owner, Broker, or Argus represents, warrants, either by implication nor express statement, the accuracy or completeness of the information contained in this property presentation. The information contained herein has been prepared from sources believed to be reliable but has not been independently verified by the Broker or Argus as to accuracy or completeness. No warranties or representations, express or implied, are made as to the information presented herein. Warranties or representations can only be made by the Seller or Owner in a written and fully executed purchase and sales agreement between Seller and purchaser. Projections in the presentation are based on assumptions and interpretations based on future events, market conditions, managerial operations beyond the control of Argus, Broker, Seller or Owner, and, therefore, subject to error and change without notice. The prospective purchaser is encouraged to perform such independent due diligence as he or she finds appropriate . Typically, due diligence activities provide a more comprehensive review and analysis of all aspects of the property (including, but not limited to, financial matters, market conditions, physical condition, regulatory issues and title status) than the material contained herein. This presentation is for information purposes only and is not a solicitation of any nature whatsoever. Seller and Owner reserve the right, at their sole and absolute discretion, to reject any offer. Confidentiality: The information contained in this presentation is confidential and proprietary and is for the exclusive use of the party receiving the information (whether in printed, electronic, or facsimile format) for the sole purpose of determining if the recipient desires to acquire more information regarding the Property. By acceptance of this information in any format or from any source, the recipient agrees to not distribute nor to disclose this information in any form to any other person or entity without the prior written consent of the Broker. FOR FURTHER INFORMATION, PLEASE CONTACT: Argus Self Storage Sales Network www.argus-selfstorage.com 2993 S. Peoria St., Suite 105 E-mail: [email protected] Aurora, CO 80014 800-55-STORE This information is subject to the Identification of the Parties, Disclaimer and Confidentiality statements on the second page of this document. If you do not have such a page, call 1-800-55-STORE and a replacement page will be provided. 02 Table of Contents Offering Summary 4-8 Property Details 9 Unit Mix 10 Financial Information 11-12 Map 13 Photos 14-16 Market Overview 17-18 Demographics 19 Competition Analysis 20-21 Broker Information 22 02 This information is subject to the Identification of the Parties, Disclaimer and Confidentiality statements on the second page of this document. If you do not have such a page, call 1-800-55-STORE and a replacement page will be provided. 03 Offering Summary List Price: Call for Offers INVESTMENT HIGHLIGHTS Located at the intersection of Hwy 413 and Hwy 13, this site offers excellent visibility and high traffic count Comprised of 450 total units totaling 75,600 RSF on 7.67 acres Consistent, stabilized occupancy with average tenant tenure at 47.5 months Electronic vertical lift gate and new security cameras This information is subject to the Identification of the Parties, Disclaimer and Confidentiality statements on the second page of this document. If you do not have such a page, call 1-800-55-STORE and a replacement page will be provided. 04 Offering Summary Transaction Terms & Conditions Executive Summary: Critical Timeline Confidential Offering Memorandum for Qualified Investors Available Starting: May 20, 2019 Last Date To Submit Offer: June 7, 2019 Seller To Respond To Selected Offer(s): June 12, 2019 Final Offer(s) Due: June 17, 2019 NOTE: PURCHASE AND SELLER WILL BE UNDER CONTRACT BY June 24, 2019. PURCHASER SHALL HAVE A FORTY-FIVE (45) DAYS DUE DILIGENCE. CLOSING DATE: Within thirty (30) days following the expiration of the Due Diligence period. * All dates are subject to change without notice depending on the availability and/or approval of Seller Realty Committee. At any time, a pre-emptive offer may be made and accepted by Seller without notification, and the timeline herein, may change. IN ANALYZING THE SUBJECT OFFERS, OTHER NON-ECONOMIC FACTORS OF THE OFFERS WILL BE CONSIDERED. THESE CON- SIDERATIONS ARE: 1. Property is being offered on a cash basis with no financing contingencies. 2. Submit any additional relevant information for the Seller’s consideration of the offer along with the Letter of Intent. NOTE: ALL OFFERS ARE DUE NO LATER THAN 5:00 PM CST ON FRIDAY, June 7, 2019. IT IS THE SELLER’S INTENTION TO RE- SPOND TO ALL OFFERS NO LATER THAN June 12, 2019. 04 This information is subject to the Identification of the Parties, Disclaimer and Confidentiality statements on the second page of this document. If you do not have such a page, call 1-800-55-STORE and a replacement page will be provided. 05 Offering Summary GENERAL DESCRIPTION Acorn Storage Center – Branson West Acorn Storage Center is the best facility in the market and provides a unique opportunity to acquire a strong performing asset with compelling room for revenue growth. Located at 19199 State Highway 413, Branson-West, Missouri, Acorn Storage Center services both the local population and the many tourists and outdoor enthusiasts who frequent The Kimberling City/ Table Rock Lake area and Branson, Missouri, a national tourist destination, hosting over 7.2 million tourists per year, many having second homes in the area. The facility is perfectly located for this active and quickly expanding community. Forty acres of contiguous land has just sold for commercial development with construction underway on phase I, a 15,000 square foot Tanko Lumberyard. Obviously, this new construction and development enhances traffic flow into the future, and supports Acorn’s superior position in the marketplace. Acorn Storage Center opened for business in 1996 with completion of Phase I construction, which included the 200 and 300 series buildings, to- taling 30,800 SF. Phase II consisted of the 500 and 600 series buildings, which brought online 21,000 SF. This two-level structure was built with each floor acces- sible by carefully engineered concrete drives. The lower level is climate controlled and built into the side of a hill, maximizing energy and building density efficiencies and site square footage in relation to land use. Graded and graveled RV parking was added to the rear of the property during Phase II. The completion of Phase III in 2000 brought into service the 700 and 750 series buildings (7,200 SF total) with further expansion of perimeter fencing and site surface improvements for storage and RV parking. Phase III completed the basic components of the storage facility. Phase IV consisted of further RV parking expansion, grading and fencing of the property. During this period, contiguous property was acquired, which included the Acorn Business Center. Security features include: • Wrought iron and chainlink perimeter fencing • Automated vertical lift gate with entrance and exit keypads • Area and building lighting • Camera system (implemented in 2018) This information is subject to the Identification of the Parties, Disclaimer and Confidentiality statements on the second page of this document. If you do not have such a page, call 1-800-55-STORE and a replacement page will be provided. 06 Offering Summary GENERAL DESCRIPTION CONTINUED In 2018, mechanical systems were replaced in the office, manager’s apartment and south end of the climate controlled units. The upgraded mechanical systems for the climate controlled units include dehumidification. Expansion/Upside This property has significant upside potential in land and building use for any buyer to consider. Some of these options include but aren’t limited to: • Realizing $33,000 of additional revenue per annum by eliminating the rental rate variance and $9,000 of lost revenue due to Owner occupied units • Converting the Acorn Business Center to more profitable, high demand, climate controlled storage • Building additional climate or non-climate units on the open parking site • Selling the highway frontage for development • Exercising signage rights to install a commercial billboard 06 This information is subject to the Identification of the Parties, Disclaimer and Confidentiality statements on the second page of this document. If you do not have such a page, call 1-800-55-STORE and a replacement page will be provided. 07 Offering Summary GENERAL DESCRIPTION CONTINUED Acorn Business Center Acorn Business Center is a multi-tenant, 7,595 square foot building