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Self storage development in an undersupplied Northeast market. The Sponsor is aiming to replicate this business plan for the 6th time with the same design team, and third with the same general contractor. All entitlements in place and ready for construction immediately following close.
Deal Highlights
- Heavy traffic counts and 280,000+ residents in a 5-mi radius
- Several development risks mitigated: land acquired, entitlements secured
- 6th time replicating this business plan with majority of the same team
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Led by an experienced, Boston-based, 10x repeat Marketplace sponsor, a Fund that offers investors participation in any potential GP promote, while targeting a range of investment strategies and property types within the Greater Boston Area
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