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LibraryInland Self Storage Portfolio XXII DST
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Offering Summary

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Inland Self Storage Portfolio XXII DST

Preview Report

Inland Self Storage Portfolio XXII DST is offering $115,869,677 in beneficial interests backed by seven self-storage properties across Florida, North Carolina, and Tennessee with 4,880 units and 414 parking spaces.

Capital structure

Offering Equity$30.36M50.6% · $121,449 / unit
Offering Debt$29.64M

Offering price

$60.0M

Price / unit

$240,000

Units

250

Property age

12 yrs

Projected distribution rate

Avg 6.75%
Yr 1Term avg.
Yr 1 4.25%Term avg. 5.09%

Year-one distribution of 6.25% stepping to 7.20% by year seven.

The property

Seven-Property Multi-State Self-Storage Portfolio

$96,750,000 acquisition price

Inland Self Storage Portfolio XXII DST

self-storage facility

Fernandina Beach, Florida

Greensboro, North Carolina

Kissimmee, Florida

Lady Lake, Florida

Miami, Florida

Pompano Beach, Florida

Springfield, Tennessee

Fernandina Beach, Florida; Greensboro, North Carolina; Kissimmee, Florida; Lady Lake, Florida; Miami, Florida; Pompano Beach, Florida; Springfield, Tennessee

4,880 unitsself-storage facility

$96,750,000

100.0% of portfolio

Seller
—
Property manager
Inland Private Capital Corporation
Sponsor

Inland Private Capital Corporation

Asset Type

Self-storage facility

Location

Fernandina Beach, Florida; Greensboro, North Carolina; Kissimmee, Florida; Lady Lake, Florida; Miami, Florida; Pompano Beach, Florida; Springfield, Tennessee

Units

4,880

Property Age

—

Offering Price

$115,869,677

Offering Debt

$0

Offering Equity

$115,869,677

Offering LTV

0%

Income % (Yr. 1)

4.25%

Avg. Income (Full Term)

5.09%

Minimum Cash Investment

—

Minimum 1031 Investment

—

Strengths

  • Portfolio of 7 self-storage properties across three states
  • 4,880 storage units plus 414 parking spaces provide revenue diversification

Concerns

  • Property ages and historical occupancy metrics are not disclosed