Main Street Storage FW
Deal Highlights
• Opportunity to Lease-Up a Brand New Self-Storage Facility in the Under Supplied Market of Fort Wayne, Indiana
• 10 Year SEED Property Tax Investment Deduction Approximately $65,000 Annual Tax Savings
• Strong Lease-Up Velocity of 30 Percent in the First Seven Months of Operation
• Approved for Additional 7,750 Square Foot Construction Through Three-Single Story Buildings Potential to Get Approval for Multi-Story and Additional Net Rentable Square Feet
• Ability to Raise Rental Rates by 24 Percent to Reach Market Levels
• Favorable Supply at 5.29 Net Rentable Square Feet Per Capita in the Three-Mile Radius
• Kiosk Operated Facility With Low Utility Overhead Due to Solar Panels
• No Facilities Planned or Under Construction in the Five-Mile Radius
