Rochester Storage Units Offering
SSSE is proud to present a recession resilient project consisting of modernizing an existing, high occupancy self storage facility with extremely advantageous seller financing terms in a major MSA. The cash-flowing 38,500 net rentable square foot facility has no website and is currently run on paper, posing simple value add in a high valuation market. This Rochester, NY project allows for multiple exit strategies to mitigate downside risk and provides a 7% preferred return, targeted IRR of 16% - 20%, and 2x return to investors in 5 years or less. There is an estimated $0.61 - $0.89 in 2025 depreciation for every $1 invested.
This is part of the SSSE Diversified Self Storage Fund I offering which is a 506(c) offering available to accredited investors.
The Offering
7% Preferred Return
Estimated Depreciation per $1 Invested: $0.61 - $0.89
16% - 20% Targeted IRR
5 Year Term
1.8x - 2.2x Targeted Equity Multiple
Cash Flowing Year 1
The Investment Overview
Simple Value Add
The facility currently has no website, no management software, and no marketing whatsoever
Institutional Size
The facility is 38,500 NRSF with room for expansion: currently 200 drive-up units and pole barns
Low Economic Occupancy
At an average economic occupancy of 72%, there is room to optimize existing renters’ rates
High Visibility
9,353 average annual daily traffic on its frontage with visibility from I-390 as well
Existing Cash Flow
The property already has solid occupancy and is cash flowing from the start
Great Financing
Low downpayment at 5.5% interest only, 7 year term via seller financing
Interested in investing now?
Use the button below to visit the investor portal and review documents
Interested in learning more?
Use the button below to schedule a time to talk with our team
Interested in future opportunities?
Use the button below to fill out our investor questionnaire
