Morgantown, WV Self Storage Offering

Self Storage Syndicators (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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