Overland Self Storage | Mesa, AZ
Net Rentable Square Feet
Projected Equity Multiple:
*Upon repayment of all investors initial contributions and accumulated preferred return to date, profit sharing will change from 80/20 to 60/40
This two-story Class-A facility is located in one of the strongest locations we’ve ever seen for self-storage. Placed between a major intersection to the south and a highway on/off-ramp to the north, this road has an estimated traffic count of 19,000 cars per day. In addition to the amazing location, this facility is also located right in the path of growth in the area. With over 3,716 new homes/apartments currently in planning within a 2-mile radius, this neighborhood is exploding with growth and this facility is in a prime location to take advantage of the growth.
This project boasts a 20.5% IRR and 2.5 projected equity multiple on a 5-year hold. In addition to all of that, there is an 8% preferred return offered on the project making this one of the strongest storage deals in the market.
LOCATION, LOCATION, LOCATION
Located right on one of the main roads connecting to highway 60 (superstition), this is the most visible and trafficked self-storage facility we've ever built. In fact, the location is so good, our first thought was, the city is really allowing a self-storage facility here? The answer is absolutely they are so we couldn't be more excited about the location of this project.
This is a 506(c) offering open to all accredited investors. Tired of being a landlord? This project has a limited number of 1031 exchange spots available which can help you become a passive investor instead of a sleep-deprived landlord. Not only are 1031 exchanges being accepted in this project, investments can also be made from self-directed IRA and 401(k) accounts.