Current Facility Details
• ~77,340 NRSF of existing space in ~555units
• Units are a mix of 74% non-climate drive-up, 23% climate-controlled and 2% uncovered parking spaces.

Purchase Details
Acquisition of the property, related costs, and fees are projected to total ~$14.8MM with ~$3.5MM of equity and ~$11.3MM of seller debt on the basis of 80% debt to total project cost
(incl. fees).

Project Returns
The intended holding period for the project is 5 or more years, with the goal of creating a long-term income stream for like-minded investors. If our projections are met, the facility will have an approximate 5-Year value of ~$21.6MM at a 6.00% cap rate.

The project is projected to generate the following returns:
• Cash on cash: average of 4.78%
• L-IRR: 30.33%
• Investor Returns: 19.83% for 2.41 times invested money

Our intention is to purchase, improve and reposition the properties with equity and financing. Our projections do NOT include any revenue or expense from possible future expansions or adjacent land acquisitions. Although the Managers believe the assumptions for the project are reasonable, the pro forma is based on projections and as such there is no guarantee that results shown will be achieved.