Fund: VanWest Self Storage Fund II
Unit Count: ~775 (including 8 retail suites)
NRSF: ~96k
Projected IRR: Mid-teens

This transaction was an on-market deal won through a unique marketing process where VanWest Partners had a chance to set ourselves apart from the rest of the buyer pool by displaying persistence, professionalism, and a strong track record of closing we could point to.

The key investment thesis of this transaction primarily involved bringing current tenants up to market rents, increasing occupancy, and professionalizing the retail component to maximize value for our investors.

VanWest Partners’ 4th acquisition in the Fort Walton Beach / Mary Esther area, this beautiful Class A facility sits nicely within Fund II.