ExtraSpace Storage/Telegraph Road is a 1168 unit self storage facility consisting of 103,729 SF of climate controlled storage, 8,200 SF of non-climate controlled storage, 26,339 SF of indoor RV/Boat storage and 12,500 SF of surface parking.

The self-storage opened in January 2017 and has exhibited higher than the industrial average lease up velocity, leasing 91% physical occupancy within 24 months.

Key Factors:

High daily traffic count of approximately 22,000 vehicles a day - the majority of self-storage users choose their location while driving.

• The storage facility is highly visible from Telegraph Road where the average household income in the immediate area is $110,000 per year which is high versus the other counties in Maryland.

• Competing projects in the area are within a 1.5 mile radius, strong evidence of a market void in the area of the proposed site.

• The demographic profile of the residential base is strong and 8000 Telegraph is also attractive for the commercial sector and professional employees.