Developing a mix use self storage and contractor bay storage facility from the ground up. This is for accredited investors only. We are seeking approx. $6.2 M to proceed with the development of this 8.2 acre mix-use storage facility consisting of self storage units, RV and boat storage, outdoor parking/storage as well as small business or hobby shops and some larger contractor bays. This mix use facility will have a plethora of unit types and sizes with an on-site attendant and a gate facility. ProForma financials will show and 8% Preferred return to our investors starting year 1 of revenue and continue until until we exit when the facility is stabilized. Projected stabilization is year 3-4 and we plan to place the tacitly up for sale or cash out/refi in year 5. Investors will be limited partners (LP). LP and GP split is 70/30 respectively. ProForma projected ROI is 88.5%. Minimum investment $25,000
*Currently we are seeking soft commitments as deal docs are being prepared and finalized.
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