Public Storage
Olathe, KS
Executive Summary
CBRE’s Self Storage Advisory Group has been retained as the exclusive listing advisor for Public Storage. This facility features 544 units, offering 58,555 net rentable square feet of interior climate-controlled storage space. Originally converted to self-storage in December 2020, the facility was further expanded by 18,800 NRSF in November 2023. Public Storage has been managing the property as a third-party operator since December 2022.
Olathe, Kansas, stands out as an enticing region within the Kansas City metropolitan area, blending suburban allure with a robust economic foundation. Located just southwest of Kansas City, this city has grown steadily since its founding, evolving into a modern hub known for its quality of life and business potential. Looking ahead, major developments include Walmart’s $250 million case-ready beef facility, expected to create 667 permanent jobs and 1,000 construction jobs, and Garmin’s $300 million headquarters expansion, projected to add over 2,600 jobs, signaling Olathe’s trajectory as a burgeoning economic hub with investments exceeding $600 million in the pipeline.
Kansas City, Missouri, a bustling metropolis straddling the Kansas-Missouri state line, is the largest city in Missouri, anchoring a vibrant economy within the Kansas City metropolitan area. Its economic strength is propelled by diverse drivers, including transportation, manufacturing, and professional services. As an inland port, Kansas City leverages the Missouri River with seven barge lines and 41 dock facilities, ranking first nationally in Foreign Trade Zone space, enhancing its logistics prowess.
Major developments are creating strong economic momentum: Amazon’s planned distribution center is set to create over 1,000 jobs, while the $1.5 billion Panasonic EV battery plant in nearby De Soto, Kansas, will generate 4,000 direct jobs and thousands more indirectly, boosting the region’s manufacturing profile. The new $1.5 billion Kansas City International Airport terminal, opened in 2023, enhances connectivity, and upcoming events like the 2026 FIFA World Cup are expected to inject millions into the local economy. Kansas City’s diversified economy, affordable cost of living, and investments exceeding $3 billion in recent projects position it as one of the fastest growing large economies in the U.S., ranking 15th among the nation’s top 50 metros.
*Public Storage is a Third Party Manager
Broker of Record:
Adam Tilton / CBRE INC.
KS Lic. 00230690
Investment Highlights
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 $7.3 billion in consideration and over 49 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.
