Q2 2025 SSSE Updates

The second quarter of 2025 has been an exciting one for SSSE, with major strides in development, operations, and new investment opportunities across multiple projects. From groundbreaking ceremonies to new technology rollouts, our portfolio continues to build momentum and deliver long-term value for investors.

Here are some highlights from this quarter 👇

🏗️ Goodrich Storage Units – Construction in Full Swing
Construction is moving quickly at Goodrich! Subcontractors have been onsite, new safety equipment has been installed, and improvements around signage, access, and pavement are underway. A new automated gate system with unique tenant codes is being added — improving both security and after-hours convenience. The rebranding to Goodrich Storage Units will soon be complete, along with a fresh website and online marketing push.

🎉 Lawrenceville, GA – Official Groundbreaking!
Big news in Georgia! Our Lawrenceville Self Storage Development officially broke ground on July 30th. The land appraised at $1.7M, over triple its purchase price of $500K — creating $1.2M in protective equity for investors. Smart value-engineering also saved an additional $900K, setting this project up for strong returns.

☀️ Central Illinois Portfolio – Solar Power & Buyer Interest
The Urbana location’s new solar panels are installed and awaiting connection to the grid. On top of that, we’ve been approached by a potential buyer offering $10.6M for the 4-property Central IL portfolio — early signs of solid value creation.

📈 Ironton & Sandusky – Completed and Performing Well
Both the Ironton and Sandusky expansion projects are fully completed! Ironton’s occupancy climbed from 67% to 74%, showing strong leasing momentum. In Sandusky, bonus depreciation was reinstated at 100%, offering investors an added tax advantage.

🏢 Morgantown – Expansion Plans Underway
We’re taking Morgantown to the next level by converting boat storage barns into 15,000–17,000 sq. ft. of new rentable space. This change will simplify operations, cut costs, and increase profitability — all while capturing 100% bonus depreciation for investors once completed.

💼 New Fund Launching Soon
We’re gearing up to launch the SSSE Diversified Self Storage Fund I, giving investors access to a balanced mix of value-add, development, wholesale, and short-term debt opportunities.

Across all projects, SSSE continues to focus on efficiency, investor protection, and long-term growth. With construction progress, operational improvements, and new opportunities on the horizon, the rest of 2025 looks incredibly promising.