US Retail and Food Services Sales Growth Update
Strategic Sale of Elizabeth and Perth Amboy Self-Storage
Properties
Extra Space
田田E
$49.0m
16
+10.4%
Extra Space
+26.7% +12.9%
Net Gain:
$3.1m
Divestment Cost:
$1.5m
Storage
Elizabeth Self-Storage
Perth Amboy Self-Storage
Entered into a conditional agreement to sell the 2 Self-
Storage Properties at an aggregate price of US$49m
$43.4m
Top-Up:
$4.7m
.
10.4% over the appraised value of US$44.4m
•
26.7% above purchase price of US$38.7m
•
Net Gain of US$3.1m
Opportunity created by the high investment demand for
best-in-class self-storage facilities that has created a
market dislocation between high valuations and cash
flow
Opportunity to realize profits and reinvest into higher
yielding grocery anchored assets
Expected to complete the sale in 2Q 2022
Purchase
Price Excl.
Top-Up:
$38.7m
Purchase Price
$44.4m
Independent
Valuations as of
31 Dec 2021
Divestment
Consideration
UNITED-HAMPSHIREView entire presentation