Passive Investment Opportunity!
TriCore Storage Fund I, LLC
Join us this coming February 7th, 2023 at 7:00 PM Eastern in our upcoming webinar to see how you can create and maintain consistent and superior returns through an effective passive investment in a professionally-managed self-storage fund focused on properties in high growth rate areas.
Open to SD-IRA, 401(k), QRP and 506(c) Accredited Investors
Acquisitions
2725 Maret Place NE
Canton, OH
Purchase Price
54,666 +/-
450+
Value Add: Conversion of 63,000+ SF to climate controlled storage. Strong proforma and value creation in this under served area.
23152 Harborview Rd
Punta Gorda, FL
Purchase Price
20,400 existing
169
Value Add: Additional 18,025 NRSF of Climate Controlled indoor storate after warehouse conversion, Can add 100 new parking spots. Storage rents are significantly below market.
1150 Old W Liberty St
Sumter, SC
Purchase Price
39,300 existing
293
Value Add: Rents 25% under market. No professional management. Can convert retail to climate control units (10×10 CC Units in this market are $140)
4545 NW 27th Avenue
Ocala, FL
Purchase Price
(NRSF) 157,288+/-
309
Value Add: Add covered parking and power to spaces, rents are significantly below market rates.
14709 NW 129th Terrace
Alachua, FL
Purchase Price
11,150 Sq ft
117
Value Add: All unrentable units to be repaired and rentable by the end of Q2; once repairs are complete, we anticipate a significant growth in occupancy as we implement new marketing strategies, management, and the addition of the after hours call center.
1030 High Springs Main St.
High Springs, FL
Purchase Price
33,490 Sq ft
264
Value Add: Add covered parking and power to spaces, rents are significantly below market rates.
731 Broad St.
Sumter, SC
Purchase Price
43,780 Sq ft
373
Value Add: All unrentable units to be repaired and rentable by the end of Q2; once repairs are complete, we anticipate a significant growth in occupancy as we implement new marketing strategies, management, and the addition of the after hours call center.
Investment Opportunity
Class A1 and A2 shares for investment opportunities.
The Fund’s management team brings a collective 55+ years of experience with, and insight into, the real estate markets served.
We forge strong lasting relationships with our investing partners and business associates to achieve great financial success in commercial real estate investing while making a positive impact on society and the neighborhoods in which they invest.
Tricore Storage Fund Mgt, LLC has consistently outperform their self-storage investment expectations over the last decade.
Note: This 506(c) project is for ACCREDITED Investors only. Minimum investment: $50,000
2.16X - 2.27X
Targeted Equity Multiple
8%
Preferred Return
20% - 22%
Targeted IRR
70% - 80%
Split of Cash Distributions
Get Access to The Investor Presentation & Kit
Included inside the Investor Kit is a recording of the live investor presentation and the detailed Offering Memorandum with all the info you will need to make your decision
Open for Investment Now. Act fast.
Note: This 506(c) project is for ACCREDITED Investors only.
Why You Should be Interested
Recession-Resistant Asset Class
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 any other asset type.
The Offering
We are offering a minimum of 2,500 and a maximum of 25,000 Class A Membership Units at a price of $1,000 per Unit. Upon completion of the Offering between 2,500 and 25,000 Class A Membership Units will be issued.
All distributions shall be distributed as follows: (i) first, to the Class A Members until the Class A Preferred Return has been paid to date.
Then at the rate of eighty percent (80%) to the Class A1 Interests issued and outstanding, pro rata with the Class A2 Interests at the rate of seventy percent (70%), and the balance to the Class B Members, pro rata.
A Growing Market
The market was valued at $40.73 billion in 2020, and is expected to reach a value of $53.92 billion by 2026.
The increasing urban population means smaller and increasingly expensive living spaces in cities with more renters who move around more frequently.
“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.
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 16 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
Over $160 Million and over 2.5 million square feet of storage under management
Ability to replicate systems, protocols, processes and procedures
Class A-1 Shares
Class A-2 Shares
Meet Our Management Team
Scott Meyers
Founder
Marcus Faller
EVP – Capital Development
Scott Dahin
Chief Executive Officer
Lawrence Murphy
Chief Operating Officer
Kenneth Lange
Chief Financial Officer
What You’ll Learn in The Investor Presentation
Bottom line, we look for properties in communities with a growing population, ample employment opportunities, and strong demand for self-storage. Coupled with our world-class management team, experience in self-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 self-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 self-storage development investment opportunity with potential for strong returns. We can’t wait to share this enormous opportunity with you in the presentation!
Open for Investment Now. Act fast.
This 506(c) project is for ACCREDITED Investors only.
Passive Storage Investing Syndication Benefits
Syndication Leverage
Leverage our vast experience, financial sponsorship strength, and capital aggregation to invest in high-value self-storage facilities with high returns.
Tax-Advantaged Investing
Enjoy the potential for tax advantages such as depreciation, passive income tax treatment, Self-Directed IRA & 401(k) 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
Self-storage has done historically well in past recessions as people downsize and need a place to store their possessions.
Get FREE Instant Access
Watch the presentation and get access to the Investor Kit, which includes a recording of the live investor presentation and the detailed Offering Memorandum with all the info you will need to make your decision.
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.