Granite City Storage
Passive Investment Opportunity For Accredited Investors
QRP, Solo 401(k), SD-IRA
For Accredited Investors
Targeted Equity Multiple
Projected Holding Period
Value add: Below market rent, ancillary income streams, upgrade tech and management efficiencies
Steady job and population growth in market
Turnkey, cash-flowing property
Solid historical occupancy – comps too
High-visibility location – 12,653 cars/day
Distributions – begin first quarter 2021
Property Highlights & Value-Add Strategy
Turnkey, Cash-Flowing Property
Very well-maintained facility – manageable level of capex/upgrades planned
November 2020: 97% physical occupancy, 86% economic occupancy
New, professional manager identified and ready to start upon closing
27% of tenants are cash/check – opportunity to push to auto-pay, increase rates
Will require tenant insurance
Space available to add 3,000-5,000 s.f. of portable storage units
Easy Storage Solutions software platform will be implemented
“Contactless” rental solutions will be implemented
What You’ll Learn in the Investor Call
Our strict investing criteria and process.
You’ll discover all the numbers you need to evaluate this amazing deal including assumptions, splits, returns, appraisals, and more!
What this investment looks like – cash-flow expectations, purchase price, exit cap, and equity.
Why we love self-storage and how it fits into your portfolio.
Best of all, we will also host a Q&A at the end where you can drill us on any and all questions you may have about this exciting opportunity.
We’ll drill down into the actual property and the experience that the management team offers.
This is an exciting new self-storage investment opportunity with potential for strong returns. We can’t wait to share this enormous opportunity with you in the presentation!
This 506(c) project is for accredited Investors only.
Why You Should be Interested
Recession-Resistant Asset Class
Self-storage stands apart from many other sectors in the commercial real estate space. During a recession, many property types tend to lose tenants and suffer from reduced cash flow and lower rents. Self-storage is not nearly as affected because storage needs actually increase in a recession, there is less reliance on individual tenants and significantly less maintenance/operations costs than other asset types.
Better Than The Competition
According to our market study (more details in the webinar), Granite City Storage will enjoy a location advantage as it is located with very good visibility and access from a higher traffic-count roadway than competetion. There are also no self-storage competitors located in close proximity to the north.
Granite City Storage should also have a distinct management advantage over all of the competitors since the current level of management expertise in the sub-market is, at best, mediocre to poor.
Our Value-Add Strategy
While this property is appraised at $3,300,000 ($61/sf), we are purchasing it for $3,000,000 ($56/sf) and have many planned improvements to the property to boost it’s value during our 5-year holding period.
While this property is very well-maintained and has 97% physical occupancy, we plan to hire a new professional manager, implement new software , utilize the available extra space to add an additional 3,000-5,000sf of storage.
Take a Tour
“Self-storage is a unique asset class. It has a reputation of providing relatively high yields and has shown to be relatively resistant to recessions due to its lower declines and default ratios versus other asset classes.”
– David Thompson, BiggerPockets
“One of the hallmarks of a recession is the movement of consumers into less spacious accommodations. As wages stagnate, and the employment picture gets grimmer, homeowners and renters tend to downgrade the size of their homes, but they still need a place to store their stuff. Self-storage facilities benefit from this demand and can see increased rental rates during a downturn.”
– Ari Rastegar, SpareFoot
“Let’s assume you had $200,000 to invest in 1994 and put your money equally into two investments. One investment for $100,000 in a self-storage REIT and reinvested all earnings while you put another $100,000 into the S&P 500 and reinvested all dividends. By 2017, the self-storage REIT would have grown to $4,026,413 while your S&P 500 stock fund would have grown to $532,243. Self-storage outperformed the large capitalization stocks index by a whopping $3,494,170.”
– David Thompson, Bigger Pockets
“The bottom line is that if we go into a bad housing market, people have to put their stuff somewhere. When the economy is good and people buy too much stuff they have to put it in storage. You’re winning as the market goes down, and winning as the market goes up.”
– Joel Cone, US News
The Self-Storage Asset Class
We understand that self-storage isn’t what most investors would consider “sexy.” Sure, it may not have drywall or carpet, but from an investment and ROI standpoint, self-storage is one of the best investments in the US. Here’s why:
Resistant To Recession and can be more profitable than other asset classes
Stronger COVID-19 performance than other asset classes
Low tenant turnover
One of the most consistently profitable real estate industries
Forget any preconceived notions you may have about self-storage and discover why savvy real estate investors have had storage in their portfolio for years.
Kingdom Storage Partners, LLC Syndication Benefits
Leverage our vast experience, financial sponsorship strength, and capital aggregation to invest in high-value self-storage facilities with high returns.
Enjoy the potential for tax advantages such as depreciation, passive income tax treatment, Self-Directed IRA & 401(k) investing.
Increased property value through physical and operational improvements that increase the value of the property by increasing Net Operating Income (NOI).
Self-storage has done historically well in past recessions as people downsize and need a place to store their possessions.
Our Experienced Property Management Team
We’ve spent years in the self-storage sector and bring loads of experience to this project.
One focus: Storage (for the past 7 years)
Our niche has been to turn around under performing assets by our management style and focus on details
Record of increasing income and decreasing expenses to create more value
Ability to replicate systems, protocols, processes and procedures
Meet The Management Team
Director of Investments
Disclaimer: The Kingdom Storage Partners, LLC website is intended solely for informational purposes. The Kingdom Storage Partners, LLC website does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in a Kingdom Storage Partners, LLC 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 Kingdom Storage Partners, LLC website does not purport to contain all the information necessary to evaluate an investment with Kingdom Storage Partners, 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 Kingdom Storage Partners, LLC & 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.