Passive Investment Opportunity
LIVE DEAL WALKTHROUGH WEBINAR
DON'T MISS THIS OPPORTUNITY
Invest now before the offering closes
LIVE Webinar on May 22, 2024
6:00 PM EST
Hosted by Scott Meyers and TriCore Investment Group
Project Overview
19% - 20.5% Targeted IRR
2.0x - 2.1x Targeted Equity Multiple with Sales Proceeds
20% - 22% Projected Average Annual Return
Bonus Depreciation PLUS Special Class for Added Depreciation
Value add
Expansion opportunity
High Job Growth Area - 3,000+ High Paying Jobs Projected
Expansion Project in the Path of Progress
New $20 Billion Intel Chip Factory
Westerville, OH
506(c) Offering*
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Key Deal Information
Join Tricore in this self storage facility investment opportunity boasting 99,331 NRSF, offering a mix of climate and non-climate controlled units, plus large enclosed vehicle storage. Strategically located in an undersupplied market near a $20 billion Intel chip factory, this facility is poised for expansion and regional economic growth. An ideal venture for passive investors seeking to capitalize on the increasing demand for storage in a rapidly developing area.
Rapidly Expanding & High Demand: Experience an outstanding investment opportunity in a swiftly expanding self-storage facility boasting 99,331 NRSF, 130 parking spaces, and a rapid lease-up to 74% occupancy in 36 months. Discover the potential for immediate expansion with an additional 27,000 NRSF, showcasing this property's high demand and growth potential.
Strategically Located in a Booming Area: Situated in an undersupplied market with a growing population. This property is located near a $20 billion Intel chip factory set to open in 2025. Anticipate a significant surge in residential development and economic growth, fueled by 3,000+ high-paying jobs, making this an opportune moment for investment.
Proven Success & Future Growth: Witness firsthand the property's proven success, with a quick occupancy rate surpassing 50% within four months of its initial opening in Q4-2020 and a consistent expansion, adding 60,000 SF in the last 24 months. With the area's population expected to grow further and infrastructure investments pouring in, this opportunity presents a lucrative future growth potential for savvy investors.
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The Leadership Team
Scott Meyers
Chief Investment Officer
Kenneth Lange
Chief Financial Officer
Scott Dahin
Chief Executive Officer
Lawrence Murphy
Chief Operating Officer
Scott Meyers
Kenneth Lange
Scott Dahin
Lawrence Murphy
Chief Investment Officer
Chief Financial Officer
Chief Executive Officer
Chief Operating Officer
This team is not only well-versed in the acquisition, development and strategic management of self storage properties, they have the hands-on asset management and value creation experience required to thrive in a competitive and highly specialized space.
The Fund's management team brings a collective 55+ years of experience with an insight into the real estate market served.
Our Property Management Edge
Our Experienced Property Management Team
We've spent years in the self storage sector and bring loads of experience to this project.
We've spent years in the self storage sector and bring loads of experience to this project.
One focus: Storage (for the past 18 years).
Our niche has been to turn around underperforming assets by our management style and focus on details.
Record of increasing income and decreasing expenses to create more value.
Over 4.35 million square feet of storage under management
Ability to replicate systems, protocols, processes and procedures.
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NOTE: This 506(c) project is for ACCREDITED Investors only.
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*This is a 506(c) investment for accredited investors only.
Any performance figures mentioned are projections. Any information that may be furnished to prospective investors by the Manager may include certain statements, estimates, and forward-looking projections with respect to the anticipated future performance of the company. Such statements, estimates, and forward-looking projections reflect various assumptions of the Manager that may or may not prove to be correct or that may involve various uncertainties. No representation is made, and no assurance can be given, that the company can or will attain the Manager's projected results. Actual results may vary, perhaps materially, from such projections.
Disclaimer: The Passive Storage Investing website is intended solely for informational purposes. The Passive Storage Investing website does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in a Passive Storage Investing investment opportunity. All information included in this website is believed to be current as of the date hereof and is subject to change, completion, or amendment without notice. The Passive Storage Investing website does not purport to contain all the information necessary to evaluate an investment with Passive Storage Investing, any such offer or solicitation will be made only by the delivery of a confidential Private Placement Offering Memorandum (PPM)relating to a particular investment. Access to information about the investments are limited to investors who either qualify as accredited investors within the meaning of the Securities Act of 1933, as amended, or those investors who are sophisticated in financial matters, and it is understood that you will make your own independent investigation of the merits and risks of any future investment with Passive Storage Investing & partnered operators. All prospective investors are encouraged to conduct their own independent due diligence investigation, review, financial projections, and consult with their legal, tax, and other professional advisors before making an investment decision.
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.