This is a tenant in common (TIC) Self Storage investment opportunity. Min $200,000 investment required. Total $5,750,000 needs to be raised. Investor can put in any amount over $200,000. Developer is willing to take 1031 exchange money under certain circumstances. No guarantee to meet time constraints required by 1031 exchange. Money is needed by late July/August 2023, more detailed information will be available after a signed NDA. Developer will pay a preferred 4% rate of return on investor money during construction and lease up phase to 80% occupancy. Construction to be completed late 2024. This is a chance to own a piece of a self storage complex that will be Class A with a mix of regular storage, climate controlled storage and outside RV/boat storage. Self Storage is one of the most safe, consistent investments in real estate. No guarantee of specific rate of return after lease up, projections will be available for interested parties. Chance for initial investment to be returned after construction is complete but you can maintain ownership. Take the same money and invest in another project. Ask agent for more details.
Listing information provided courtesy of UtahRealEstate.com. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Updated: 11th December, 2023 3:16 PM (UTC)
Listing Office: Berkshire Hathaway HomeServices Elite Real Estate