Introducing Lakeridge Self Storage in Mabank, TX - A Testament to Transformational Investment
Location:
Nestled in the heart of Mabank, TX, at 11951 TX-198, Lakeridge Self Storage (formerly known as Pego Self Storage) is your gateway to an investment that sparkles with potential in the Cedar Creek Reservoir CSA.
An Inspiring Success Story:
Proven Track Record of Success:When Boring & Co. took on the challenge of what was then Pego Self Storage, they transformed an underperforming asset into a beacon of success. Through strategic management and innovation, Lakeridge Self Storage now boasts consistent returns, delivering regular distributions to investors.
Expertise in Self-Storage Management:Boring & Co., led by the Boring Family, brings extensive experience in managing self-storage facilities. Their deep roots and understanding of the sector have been pivotal in turning around this property.
Strategic Asset Management:The transformation of Lakeridge Self Storage was driven by Boring & Co.'s strategic operational practices, optimized pricing strategies, and commitment to enhancing customer service, significantly boosting occupancy and revenue.
Commitment to Investor Returns:Boring & Co.'s primary focus has always been on maximizing investor returns. The turnaround of Lakeridge Self Storage showcases their ability to increase net operating income (NOI) and property value, ensuring profitable distributions to investors.
Strong Team Dynamics:With Boring & Co. at the helm, the management of Lakeridge Self Storage has been executed with precision and foresight, creating a dynamic environment for growth and investment success.
Investment Highlights:
Financing Terms: Remarkably attractive with a 4.75% interest rate, 78% LTV, and 5 years of interest-only payments, making this deal as golden as it gets.
Projected Returns:
Cash on Cash: Over 10%
Equity Multiple: 2X
IRR: 19%
Facility Details:
Units: 566 (488 non-climate, 47 climate-controlled, 23 uncovered parking, 8 covered parking)
Net Rentable Square Feet: 71,787
Why Lakeridge Self Storage in Mabank?
Rebranding and Management: Now part of the Lakeridge Self Storage brand, backed by top-tier property management, ensuring high standards in operations.
Digital Innovation: With online booking and modern conveniences, Boring & Co. has set new standards in customer experience and operational efficiency.
Ready to Invest?Don't miss out on the next self-storage gem. Let's schedule a 1 on 1 Zoom call to explore how opportunities like this can elevate your portfolio. With Boring & Co., you're not just investing in a property; you're investing in a legacy of success.
