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Updated 27 days ago on . Most recent reply

User Stats

19
Posts
6
Votes
Tatenda Mpofu
  • New York City, NY
6
Votes |
19
Posts

Offering 12% Preferred + 10% Equity Kicker – SS + Car Wash in Dayton: 506(c) raise

Tatenda Mpofu
  • New York City, NY
Posted

I’m a young, hungry Private Equity-trained investor raising capital for a unique value-add acquisition: a cash-flowing self-storage facility with an attached car wash in the Dayton, OH market. This is a 506(c) offering available to accredited investors only.

I'm offering:

  • 12% annual preferred return, paid quarterly
  • 10% equity kicker, paid at exit
  • Full return of principal at exit before taking cash out of the business

Deal Highlights:

  • Strong in-place cash flow: $160K NOI with immediate upside through revenue optimization
  • Purchase price: $1.8375M
  • $1.2075M in seller financing at 5% simple interest
  • $100K to be raised by the sponsor (me)
  • $550K raise via preferred equity
  • Located in a supply-constrained micro-market with underbuilt self-storage density and limited new competition
  • Additional car wash upside through modernized marketing, signage, and automation
  • Conservative underwriting with a projected 8% cap rate exit in Year 5

The sponsor (myself) is retaining majority ownership (likely over 90%).

If you’re an accredited investor and would like to review the pitch deck, model, and legal structure, feel free to email me directly at:
[email protected]. Also happy to walk through my track record and the projections of this transaction.

Happy to walk through the structure or hop on a quick call if preferred.


Tiki Mpofu
Oryx Horn

Offering

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