Ironton, Ohio Self Storage Offering
FUNDED & CLOSED
Maven Equities and Self Storage Syndicated Equities (SSSE) are proud to present an expansion of a class-B storage facility in Ironton, OH. The project will result in a 74,650 NRSF, 533 unit, premier class-B self storage facility in a market with unmet demand. This asset allows for multiple exit strategies to mitigate downside risk and provide a targeted IRR of 16.5%, 2.06x equity multiple, and $0.68 in targeted depreciation for every $1 invested. This is a 506(c) offering available to accredited investors only.
Investment Summary Video
The existing facility is 44,650 NRSF, 283 units with a mix of drive up & temperature controlled self storage as well as boat and RV storage on over 8 acres with nearly 100% physical occupancy. The first building was built in 2019 with the rest of the buildings built in phases from 2019-2022. Over the 5 year investment term, investors can experience a 16.5% targeted IRR, 2.06x targeted equity multiple, and depreciation of $0.34 per dollar invested in 2022 and an additional $0.34 per dollar in 2023. This is a 506(c) offering available to accredited investors only.
The Offering
16.5% Targeted IRR
Accredited Investors Only
2.06x Equity Multiple
5 Year Term
$50k Minimum Investment
Estimated Depreciation: $0.34 in 2022 and $0.34 in 2023 per $1 Invested
The Investment Overview
Off-Market
Steep discount to market due to seller rapport, no broker influence, and no commissions
Soft Competitive Landscape
There are only 2 competitors within 3 miles of the facility and most competition is unsophisticated
Low Supply Index
he supply index is 3.41 for the
10-minute drive-time trade area
(compared to national average of 6)
74,650 NRSF and 533 Units
The facility is currently 44,650 NRSF with 283 units sitting on 8.4 acres with room to expand
Existing Cash Flow
With high occupancy and expansion plans, this project offers both downside mitigation and upside
Priced Below Replacement
We are purchasing this new facility below the cost to replace the facility; ($56/sqft vs $78/sqft)
Disclaimer: All offers and sales of any securities will be made only to Accredited Investors, which for natural persons, are investors who meet certain minimum annual income or net worth thresholds or hold certain SEC approved certifications. Any securities that are offered, are offered in reliance on certain exemptions from the registration requirements of the Securities Act of 1933 (primarily Rule 506C of Regulation D and/or Section 4(a)(2) of the Act) and are not required to comply with specific disclosure requirements that apply to registrations under the Act.
The SEC has not passed upon the merits of, or given its approval to any securities offered by Maven Equities, the terms of the offering, or the accuracy of completeness of any offering materials. Any securities that are offered by Maven Equities are subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell any securities offered by Maven Equities.
Investing in securities involves risk, and investors should be able to bear the loss of their investment. Any securities offered by Maven Equities are not subject to the protections of the Investment Company Act.
Any performance data shared by Maven Equities represents past performance and past performance does not guarantee future results. Neither Maven Equities nor any of its funds are required by law to follow any standard methodology when calculating and representing performance data and the performance of any such funds may not be directly comparable to the performance of other private or registered funds.
This website may include forward-looking statements. All statements other than statements of historical facts included in this website, including, without limitation, statements regarding the future financial position, targeted or projected investment returns, business strategy, budgets and projected costs, plans and objectives for further operations, are forward-looking statements. Forward-looking statements reflect our current expectations and assumptions as of the date of the PPM, and are subject to a number of known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or achievements expressed or implied.