Ironton, OH Self Storage Offering
Self Storage Syndicated Equities (SSSE) is proud to present an expansion of a class-B storage facility in Ironton, OH. The project will result in a 74,650 NRSF, 533 unit, premier class-B self storage facility in a market with unmet demand evidenced by the breakneck speed of lease-up previous expansion experienced. This asset type in a market that is underserved allows for multiple exit strategies to mitigate downside risk and provide a targeted IRR of 16.5%, 2.06x equity multiple, and $0.68 in targeted depreciation for every $1 invested. This is a 506(c) offering available to accredited investors only.
SSSE provides investors access to tax-advantaged self storage investments with an emphasis on downside mitigation and social stewardship.
Investment Summary Video
The Offering
Accredited Investors Only
Estimated Depreciation: $0.34 in 2022 and $0.34 in 2023 per $1 Invested
16.5% Targeted IRR
5 Year Term
2.06x Equity Multiple
$50,000 Minimum Investment
The Investment Overview
Off-Market
Steep discount to market due to seller rapport, no broker influence, and no commissions
Soft Competitive Landscape
There are only 2 competitors within 3 miles of the facility and most competition is unsophisticated
Low Supply Index
The supply index is 3.41 for the 10-minute drive-time trade area (compared to national average of 6)
74,650 NRSF and 533 Units
The facility is currently 44,650 NRSF with 283 units sitting on 8.4 acres with room to expand
Existing Facility with Cash Flow
With high occupancy and expansion plans, this project offers both downside mitigation and upside
Priced at Below Replacement
We are purchasing this new facility at below the cost to replace the facility; ($56/sqft vs $78/sqft)
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