Sandusky, OH Self Storage Offering
Self Storage Syndicated Equities is proud to present a self storage facility in Sandusky, OH available for investment. The Sandusky Storage Units offering is a class-C storage facility expansion and conversion in Sandusky, OH. The project will result in a 54,937 NRSF, 339 unit, class-B self storage facility in a densely residential area with a supplementary commercial tenant base. Self Storage Syndicated Equities owns 2 other facilities in Ohio that open the ability for multiple exit strategies to mitigate downside risk and provide a preferred return of 10%, 14% - 16% targeted IRR, 1.8x - 2x targeted equity multiple, 18% - 20% targeted average annualized return, and depreciation in both 2023 and 2024.
This is a 506(b) offering available to investors with a pre-existing, substantive relationship to us.
SSSE provides investors access to tax-advantaged self storage investments with an emphasis on downside mitigation and social stewardship.
Investment Summary Video
The Offering
Reg D 506(b) Offering
Estimated Depreciation: $0.40 (2023) and $0.27 (2024) per $1 Invested
14% - 16% Targeted IRR
18% - 20% Targeted Average Annualized Return
1.8x - 2x Targeted Equity Multiple
$50,000 Minimum Investment
The Investment Overview
100% Occupied Facility
The facility is already cash flowing and all available units occupied which helps mitigate against downside
Small Competition
All of the competition are facilities that are smaller than this one, with less unit selection and quality
Low Rents
Current economic occupancy of the facility is 69% because of inter-unit rental rate variations
48,465 Net Rentable Square Footage (NRSF)
Expansion to 54,937 NRSF results in an appealing size for future institutional buyers
Buying Below Replacement Cost
$72 per square foot vs. $90 per square foot replacement cost
Easy Improvements
The facility has easy improvements available such as a marketing optimized name
Low Supply Index
There is no temperature controlled self storage within the 5-minute drive time
Asset Class Improvement
The facility is a fully functioning Class-C property that we will improve to Class-B
Attractive Unit Mix
Other facilities do not have the selection of units that this facility has (maxi-units, temp controlled, etc.)
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