x

RSS Newsfeeds

See all RSS Newsfeeds

Global Regions

Global Regions ( XML Feed )
United States ( XML Feed )

Jan 22, 2016 10:02 EST

Mississippi Self-Storage Portfolio Investment – Greater Mississippi

iCrowdNewswire - Jan 22, 2016
World Class Capital Group (“WCCG”) is currently seeking $1,800,000 in equity for the acquisition of three self-storage facilities located in Brandon, MS; Flowood, MS and Hattiesburg, MS (the “Portfolio”) – which are part of the Jackson, MS Metropolitan Statistical Area (“MSA”). The Portfolio consists of 1,798 total storage units and 10 parking spaces with a total net rentable square footage of 238,445. The blended storage occupancy is 87.8% while the market occupancy is projected to be 92.0%. This acquisition represents a unique opportunity to acquire a sizeable portfolio at an attractive cost basis in a market with strong self-storage demand.

Key Points

  • Opportunity to diversify with sizable self-storage portfolio at an attractive basis with a strong self-storage operator.
  • The Preferred Equity investment receives a fixed 12% return ahead of common equity.
  • WCCG will maintain $1.8M common equity in the project in a first-loss position.
  • WCCG currently operates 61 self-storage facilities containing 30,000 units and over 3,800,000 square feet.
Contact Information:

World Class Capital Group, LLC

View Related News >
support