Springfield Armory Redevelopment: (Historic Tax Credit & Opportunity Zone)

Deal Highlights

• ~$2M Historic Tax Credits Offset Redevelopment Basis, Enhancing Returns and Reducing Required Upfront Equity.

• Located Within a Federally Designated Opportunity Zone Providing Potential Capital Gains Tax Deferral and Long-Term Tax Advantages

• Undersupplied Market With Approximately 6.5 SF Per Capita.

• High-Density Area With Approximately 238,960 People Within a 5-Mile Radius and No Competing Storage Properties Within 1 Mile.

• Fully Completed Architectural Plans Enabling Immediate Permitting and Accelerated Construction Timeline.

• $16K+ of Monthly In-Place Income Reducing Carry Costs During Final Predevelopment Phase.

• $2.6M Public Investment in Adjacent Dam Infrastructure Signals Strong Municipal Support