We’re Looking For Partners On Our Next Projects.
At Self Storage Assets, LLC we’re growing and always looking for our next profitable self storage investments. If you’re interested in partnering on a project with us, connect with us by clicking the button below to go to our Contact page. We’re currently looking to work with people who…
- Have properties that they want to co-develop with us into performing assets
- Want to participate in self storage projects with us as passive cash partners
- Want to sell us their property at a fair price
Examples The Types Of Transactions We Specialize In
Brownsburg, IN 46112
Units – 301 (143 storage, the remaining are parking)
Original NOI – $173,000
Improved NOI – $179,000
Original Occupancy – 89%
Improved Occupancy – 91%
Purchase Price – $1,675,000
Improved Value – $1,900,000
Value Added – Post acquisition, we added a retail component, business center and kiosk. We are currently in the process of obtaining permits to build 50 additional units in 2 separate buildings to meet demand. Value once stabilized at 85% will be roughly $2,400,000 with more room to build.
Muncie, IN 47303
Units – 202
Original NOI – $52,780
Improved NOI – $60,200
Original Occupancy – 67%
Improved Occupancy – 84%
Purchase Price – $600,000 (included additional 1.5 acres valued at $120,000)
Improved Value – $910,000
Value Added – Post acquisition, combined the management with the above Muncie Property and utilized the kiosk. We are exploring the possibility of fencing and gravel on the 1.5 acre parcel that sits between both Muncie properties for Boat/RV parking until occupancy rises at both facilities.