Brownsville, TX Self Storage Development
Impact Self Storage is proud to present for investment an expansion project of a class-A self storage facility in Brownsville, TX (home of the SpaceX Launch Facility). Impact Self Storage is expanding the existing 55,250 NRSF facility to 118,575 NRSF in a market with 175,000 NRSF of unmet demand. This is an increase from 418 units to 912 units. The existing self storage facility was converted from a Walmart in 2019 and is already 84% leased up. Over the 4 year investment term, investors can experience a preferred return of 8%, 20.7% targeted IRR, 2.05x targeted equity multiple, and $0.26 in targeted depreciation for every $1 invested. This is a 506(c) offering available to accredited investors only.
Impact Self Storage provides investors access to tax-advantaged self storage investments with an emphasis on wealth growth and downside mitigation.
Investment Summary Video
The Offering
8% Preferred Return
$0.26 in Depreciation per $1.00 Invested
20.7% Targeted IRR
4 Year Term
2.05x Equity Multiple
$50,000 Minimum Investment
The Development Overview
Existing Facility is a Walmart Conversion
Premier class-A storage facility with room to expand and existing cash flow.
118,575 Net Rentable Square Footage (NRSF)
The facility is currently 55,250 NRSF with 418 units.
Unmet Demand of 175,000 NRSF
Even after the expansion, there will be 100,000 NRSF+ of unmet demand.
Strong Trailing Lease-Up Numbers
The existing facility was finished in 2019 and is currently 84% occupied.
Low Competition
All but one of the competitors are at 100% occupancy with a waitlist.
Appreciating Area
Elon Musk chose Brownsville for his SpaceX Launch Facility; he invested $30mm in the town.
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