Safe Space Storage — 3112 Pass Rd, Gulfport

Key Performance Indicators — April 2026

Physical Occupancy (Units)

77.3%

170 / 220 units ▼ from 80% March

Physical Occupancy (Sq Ft)

77.2%

Square footage basis

Economic Occupancy

81.0%

Revenue-weighted occupancy

Revenue vs Budget

-$2,258

-9.4% vs plan | Rental -16.9%

YoY Revenue Growth

+13.1%

Year-over-year

Net Absorption (April)

+2 Units

14 move-ins / 12 move-outs

Avg Rent / Occupied Unit

$117.79

Per unit per month

Net Unrestricted Cash

$7,349

Bank $16,710 minus uncleared $11,115

Total AR (Delinquent)

$5,616

32 accounts

Units w/ Discounts

22%

93% of new move-ins w/ specials

CC Occupancy

87%

Climate-controlled units

NCC Occupancy

74%

Non-climate-controlled

Parking Occupancy

80%

16 / 20 parking units

Expansion (April)

+10 Units

210 to 220 | +7,000 sq ft

Active Alerts

CRITICAL

Unit B102 Offline 69 Days — Exceeds escalation threshold. Damaged unit must be repaired or formally decommissioned. Lost revenue compounding daily. Escalate to ownership immediately.

HIGH

Roof Leak C135/C140 (31 Days Open) — Repair not confirmed complete. Combined 4 damaged units = 750 sq ft offline. Obtain written vendor confirmation of completion before reletting.

HIGH

Concentrated Vacancy: 5x10 ONC (63%) + 8x20 Containers (68%) — 24 of 50 total vacant units in these two types. Targeted rate/marketing intervention required. Consider temporary rate adjustment and dedicated digital campaign for containers.

HIGH

Rate Variance Swing: +$1,161 (March) to -$1,433 (April) — 93% of new move-ins receiving specials. Discount policy suppressing revenue recovery. Set concession ceiling by unit type immediately.

MEDIUM

Cash Position Thin: ~$7,349 Unrestricted — No operational buffer. Capital expansion fully deployed ($8,461 to Fremin General). Defer discretionary spend; aggressively pursue 31-90 day collections.

MEDIUM

Auction Pipeline: 3 Units + 1 Lien — Confirm all legal notices served. Proceed to auction on schedule to clear delinquent inventory and return units to market.

Unit Type Occupancy Detail

Unit Size	Sq Ft	Total	Occupied	Vacant	Occ %	Status
5x5 IC	25	1	1	0	100%	Full
10x5 IC	50	3	3	0	100%	Full
5x10 IC	50	14	13	1	93%	Good
5x10 ONC	50	32	20	12	63%	High Vacancy
10x10 IC	100	20	18	2	90%	Acceptable
10x10 ONC	100	12	10	2	83%	Acceptable
10x15 IC	150	20	16	4	80%	Watch
8x20 ONC Container	160	38	26	12	68%	High Vacancy
10x20 IC	200	8	6	2	75%	Watch
10x20 ONC	200	46	36	10	78%	Watch
10x25 IC	250	2	2	0	100%	Full
10x30 ONC	300	3	2	1	67%	Watch
10x40 ONC	400	1	1	0	100%	Full
10x30 Parking	270	20	16	4	80%	Acceptable
TOTAL	—	220	170	50	77.3%	Watch

Delinquency & AR Aging

Aging Bucket	Accounts	Rent	Fees	Other	Total	Action
0–30 Days	24	$3,648.75	$715.00	$389.48	$4,753.23	Monitor
31–60 Days	6	$468.00	$125.00	$88.00	$681.00	Overlock / Notice
61–90 Days	2	$59.00	$10.00	$13.00	$82.00	Auction Prep
91+ Days	0	$0.00	$0.00	$100.00	$100.00	Write-Off / Legal
TOTAL	32	$4,175.75	$850.00	$590.48	$5,616.23

Cash & Financial Position

Bank Balance $16,710

Uncleared Checks −$11,115

Net Unrestricted Cash ~$7,349

Revenue vs Budget −$2,258 (−9.4%)

Rental Income vs Budget −$3,481 (&minus:16.9%)

Capex Deployed (Fremin General) $8,461

Leasing Activity Summary

Total Units (post-expansion) 220

Occupied 170

Vacant 50

Move-Ins (April) 14

Move-Outs (April) 12

Net Absorption +2 units

New Move-ins w/ Specials 93%

Priority Action Items

CRITICAL

B102: Repair or Decommission — 69 days offline. Assign contractor this week. If structurally uneconomic, formally remove from rentable count and advise ownership.

CRITICAL

Confirm C135/C140 Roof Repair Complete — Obtain written sign-off from vendor. Inspect and return 4 units (750 sq ft) to rentable inventory. Do not relet without formal clearance.

HIGH

5x10 ONC + 8x20 Container Vacancy Push — 24 of 50 vacants in these two types. Launch targeted digital campaign. Evaluate temporary rate reduction or 1-month free promo specifically for containers.

HIGH

Concession Policy Overhaul — Cap specials at defined ceiling per unit type (e.g., max $X discount or first month free only for select sizes). Rate variance swung −$2,594 MoM — immediate policy change required.

HIGH

Execute Auction & Lien Units — 3 auction-ready + 1 lien unit. Verify all legal notices are served. Schedule auction date. Return units to market upon resolution.

MEDIUM

Cash Buffer Management — ~$7,349 unrestricted. Defer all non-essential spend. Push collections on 31–90 day AR ($763 combined) this week. Report cash position weekly to ownership until above $15K.