Fund: VanWest Self Storage Fund I
Unit Count: ~350
Projected IRR: Mid-to-high teens
Purchased in November of 2019, VanWest Partners identified this facility as significantly undermanaged with ample opportunity to add value.
At purchase, the facility was 86% occupied with revenue of ~$27k per month. VanWest immediately implemented rate management strategies, marketing initiatives, and ancillary revenue streams which resulted in a 10% increase in occupancy and 42% increase in revenue since purchase as of February 2022.
1830 S Bannock Street
Denver, Colorado 80223