Morgantown, WV Self Storage Offering
Self Storage Syndicated Equities (SSSE) is proud to present a RV, boat, and self storage facility in Morgantown, WV. The existing facility is 77,726 NRSF with 361 units. The existing facility is a mix of drive up & temperature controlled self storage with boat and RV storage on 3.1 acres with nearly 100% physical occupancy. The first building was built in 1982 with the rest of the buildings built in phases from 2000-2014. This facility is largest U-Haul dealer in West Virginia and the most convenient boat storage facility near Cheat Lake. Over the 10 year investment term, investors can experience a 17.7% targeted IRR, 3.5x targeted equity multiple, and depreciation in 2022. 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: $0.27 per $1 Invested
17.7% Targeted IRR
10 Year Term
3.5x 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
Growing Market
The market has higher than average financial demographics and a growing population
Most Convenient Location
There is limited boat storage in the area and this is the closest to Cheat Lake
77,726 Net Rentable Square Footage (NRSF)
The facility is currently 77,726 NRSF with 361 units sitting on 3.1 acres with room to expand if needed
Existing Diversified Cash Flow
With close to 100% occupancy and multiple income streams, this facility is already cash flowing
Priced at Below Replacement
We are purchasing this facility at below the cost to replace the facility; ($40/sqft vs $70/sqft)
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