Wilkes-Barre Self Storage Development
Impact Self Storage is proud to present for investment a ground-up class-A self storage facility development in Wilkes-Barre, PA. Impact Self Storage is building an 85,000 NRSF, 718 unit, premier class-A self storage facility in a market with unmet demand of 387,983 NRSF. Over the 5 year investment term, investors can experience a preferred return of 10%, 22.62% targeted IRR, 2.13x equity multiple, and $0.84 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
10% Preferred Return
$0.84 in Depreciation per $1.00 Invested
22.62% Targeted IRR
5 Year Term
2.13x Equity Multiple
$50,000 Minimum Investment
The Development Overview
Ground-Up Development
The class-A facility will be built on an already partially improved site.
85,000 Net Rentable Square Footage (NRSF)
The REIT grade facility design will result in an optimized footprint and utilization rate.
Unmet Demand of 387,983 NRSF
The institutional sized property will meet only one third of the existing unmet demand in the market.
High Competitor Occupancy
All of the competitor self storage facilities are at above 90% physical occupancy.
Low Competition
There are no self storage competitors within a two mile radius of the development site.
Industry Leading Design
This development will employ a mix of interior and exterior access units with an interior drive-through area.
High Visibility
The property has large road frontage and can be seen easily from the major road.
Easy Access
The site is easily accessed without inconvenient traffic patterns or confusing directions to get there.
Premier Location
The facility is surrounded by dense residential and is near the off ramp of I-81.
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