Passive Investment Opportunity
People’s Choice Storage, Punta Gorda, FL
This Opportunity is available for IMMEDIATE cash distributions AND you will receive the prior 2 quarter’s distributions when you invest!
Class (A-2) Shares: Projected 2.08x equity multiple with a 17.08% targeted IRR.
Class (A-1) Shares: Projected 1.94x equity multiple with a 15.83% targeted IRR.
Solo 401K, SD-IRA
For Accredited Investors
Investment Opportunity
NEW Class (A-2) Shares
2.08X
Targeted Equity Multiple
17.08%
Targeted IRR
$250,000
Minimum Investment
Available for Immediate Cash Distributions
Class (A-1) Shares
1.94X
Targeted Equity Multiple
15.83%
Targeted IRR
$50,000
Minimum Investment
Available for Immediate Cash Distributions
Why You Should be Interested
Recession-Resistant Asset Class
RV & Boat 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. RV & Boat 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.
Projected Returns Exceed Similar Offerings
In the open market there are plenty of other similar properties, but this one isn’t on the open market and we were able to negotiate a great deal on this property to significantly increase the projected returns, both in terms of cash-flow and sale after the hold period.
Highly Ranked Area in Close Proximity to the Harbor
Punta Gorda is located in Southwest Florida and is surrounded by the Charlotte harbor, making this the perfect location for RV and boat storage. Tourism is THE industry in Punta Gorda, and with an international airport a short drive to the north, this is the perfect place for tourists to store what they need.
Februrary 2021 Property Update
Operations Update
Monthly Occupancy increasing, now at 83.2% (up 20% since purchase!)
Zero delinquencies with a 95% auto payment rate
Partnerships formed with mobile mechanic and mobile detailer
Investment Update
This investment opportunity is perfect for the investor who would like immediate cash flow from quarterly distributions due to the fact that it is an existing facility.
DISTRIBUTIONS FOR THIS PROJECT ARE IMMEDIATE!
“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 RV & Boat Storage Asset Class
We understand that RV & Boat storage isn’t what most investors would consider “sexy.” Sure, it may not have drywall, carpet, or HVAC, but from an an investment and ROI standpoint, RV & Boat 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
Low tenant turnover
One of the most consistently profitable real estate industries
Forget any preconceived notions you may have about RV & Boat storage and discover why savvy real estate investors have had storage in their portfolio for years.
Our Experienced Property Management Team
We’ve spent years in the RV & Boat 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
One of our General Partners lives 40 miles away in Naples
Ability to replicate systems, protocols, processes and procedures
Started by self managing first properties purchased until we hired regional and district managers (9 properties in 3 states, owned and managed at once)
Meet Our Management Team
Scott Meyers
Kingdom Storage Partners, LLC
Scott Dahin
TriCore Investment Group, LLC
Larry Murphy
TriCore Investment Group, LLC
Under-Served Area with High Demand and Little Competetion
Competition Overview
Based upon our internal market study, the market demand for storage within the three-mile radius indicates an excess demand of 54,277 SF vs. current supply, creating an attractive market and under saturated market.
With the under supply in the three- and five-mile radius, rates will remain strong and will likely increase over the holding period of this asset. The neighboring demographics are attractive, with population and household incomes above the national average and our acquisition target parameters
Market Pricing
Both non-climate controlled and climate controlled market rates are strong compared to national averages showing a strong demand in the trade area of this property. The drive-by visibility for this site will rival or out- position many of the competitors. Most competitors have no website, are small mom and pop operations and only offer non-climate controlled storage.
What You’ll Learn in the Investor Call
Bottom line, this is an excellent property in a community with a growing population, ample employment opportunities, and a thriving tourism industry. Coupled with our world-class management team, experience in RV & boat storage, and an under-served community with high demand, it’s hard to imagine this investment being anything but a slam-dunk for our investors!
We think you’ll be blown away when you discover all the details of this investment on the investor call. Here’s what we’ll cover:
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 RV & boat storage and how it fits into your portflio.
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 RV & boat storage investment opportunity with potential for strong returns. We can’t wait to share this enormous opportunity with you in the presentation!
Note: This 506c project is for ACCREDITED Investors only and is available for IMMEDIATE CASH DISTRIBUTIONS.
Take a Tour
Kingdom Storage Partners, LLC Syndication Benefits
Syndication Leverage
Leverage our vast experience, financial sponsorship strength, and capital aggregation to invest in high-value RV & boat storage facilities with high returns.
Tax-Advantaged Investing
Enjoy the potential for tax advantages such as depreciation, passive income tax treatment, IRA & 401K investing.
Capital Appreciation
Increased property value through physical and operational improvements that increase the value of the property by increasing Net Operating Income (NOI).
Recession Resistant
RV & boat storage has done historically well in past recessions as people downsize and need a place to store their possessions.
NEW Class (A-2) Shares
2.08X
Equity Multiple
17.08%
Targeted IRR
$250,000
Minimum Investment
Available for Immediate Cash Distributions
Class (A-1) Shares
1.94X
Equity Multiple
15.83%
Targeted IRR
$50,000
Minimum Investment
Available for Immediate Cash Distributions
Get The Investor Presentation
This 506c project is for ACCREDITED Investors only and is available for IMMEDIATE CASH DISTRIBUTIONS.
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.
