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.
- 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.