We're Looking for partners on our next projects.
At Suitable Storage we’re growing and always looking for our next profitable self storage investments. If you’re interested in partnering on a project with us, connect with us by clicking the button below to go to our Contact page. We’re currently looking to work with people who…
Have properties that they want to co-develop with us into performing assets
Want to participate in self storage projects with us as passive cash partners
Want to sell us their property at a fair price
Jackson, TN 38301
Units – 146 (122 storage units, 24 parking spaces)
Currently Building Units- 172
Original NOI – $73,511
Improved NOI – $265,575
Original Occupancy – 89%
Improved Occupancy – 90%
Purchase Price – Not Disclosed
Projected Improved Value – $3,320,000
Value Added – Post acquisition, we added a retail component, business center, and a Uhaul component. We are currently in the process of building 172 additional units in 4 separate buildings to meet demand. Value once stabilized at 85% will be roughly $3,074,000 with three more acres of room to expand again.
Muncie, IN 47303
Units – 202
Original NOI – $52,780
Improved NOI – $60,200
Original Occupancy – 67%
Improved Occupancy – 84%
Purchase Price – $600,000 (included additional 1.5 acres valued at $120,000)
Improved Value – $910,000
Value Added – Post acquisition, combined the management with the above Muncie Property and utilized the kiosk. We are exploring the possibility of fencing and gravel on the 1.5 acre parcel that sits between both Muncie properties for Boat/RV parking until occupancy rises at both facilities.