Total Project Cost: $14,266,439, including land, construction, design, permitting, fees, and reserves
Equity Raise: $4,993,254, targeted for a 4-5 year hold period
Targeted Investor Returns: 28% Internal Rate of Return (IRR) with a 2.69x equity multiple over a four-year hold
Facility Overview: Planned to include 672 units across 74,600 net rentable square feet on a 3.64-acre lot
Experienced Team: The Parham Group, with over 30 years in self storage development, oversees every stage of this project’s success.
Strategic Location: Situated at 5411 E. William Cannon Dr., Austin, TX, benefiting from proximity to major transportation routes and a strong growth market
Proven Recession Resilience: Historical data shows self-storage outperformed other real estate classes during downturns, with a -3.86% return compared to -21.10% for the S&P 500 between 2007 and 2009
Depreciation Benefits: Estimated at $1,620,918 in the second year, potentially higher pending tax legislation
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Historically, self-storage has provided strong, consistent returns, outperforming other asset classes with a 25-year average return of 16.85%. During economic downturns, self-storage has shown resilience, notably better returns than those in multi-family, retail, and the S&P 500.
Noah’s Ark Self Storage is backed by the Parham Group, leaders in self storage with decades of expertise in development, construction, and management. With notable projects like our award-winning facilities in San Antonio and Dallas, we’re committed to excellence and value creation.
Founder
Kingdom Storage
CEO
Parham Group
President
Noah's Ark Development
President
Joshua Management
This investment aims for a high-growth horizon, with our team managing your capital in well-researched and strategic locations.
Targeted IRR: 28%
Equity Multiple: 2.69x
Investment Minimum: $50,000
Projected Hold Period: 4 years
NOTE: This 506(c) project is for ACCREDITED Investors only.
*This is a 506(b) investment for accredited investors and up to 35 non-accredited investors only.
All non-accredited investors must meet the legal standard of having sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of this investment.
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.