Anyone who has ever explored an investment opportunity has learned that getting in early or on the ground floor, as many call it, stands to make the best return on their investment. That is often the reality when investing in a large project or one that will require a longer investment to see a return. At Legacy Built, our business manages the project from start to finish to ensure our investors are in on the ground floor and make the best return possible.
We do the research to select a piece of land that is ideally located for a self-storage facility. Next, we purchase the property and fund the development and construction of the facility. We use our own construction division to ensure the process is done perfectly every time. Finally, we operate and manage the self-storage facility through the leasing phase and for up to seven years of operation. Once the self-storage facility has become a proven money maker, we sell it for top dollar, typically getting at least 3x the investment.
Take A Look At A Chandler Self-Storage Facility
The 105,000 square foot self-storage facility in Chandler, AZ, has 1,100 units that rent for $145 per month. This single facility is generating $1,900,000 per year in passive income. The property cost $8.6M to build and recently sold for $17.3M. Thanks to the rental income over the years that Legacy Built maintained ownership and management of the self-storage facility and the lucrative sale price due to the demonstrated success of the facility, the return on this investment was 4x.
Investors looking for a hook or misdirection to chalk Legacy Builders and the Chandler property as a fluke need to review some of the other property numbers from over the years. A 134,000 square foot property in Scottsdale and one at Greenfield and University with 105,000 square feet of space was sold the same year as the Chandler facility and provided a 4x return.
Is 4x The Norm?
Of course, there are many variables in self-storage investing. Seeing a return of 4x is impressive. But it is by no means the record for the team at Legacy Built. The staff can quote many other facilities in the Valley of the Sun that have earned a 5x return, such as the Pioneer Hills or Tatum locations. There are also some that have surpassed that to bring in a 6x return, as did the facility on Lamar Road and one on Granite Reef. For all the details on these properties and others that have met and exceeded the expectations of the Legacy Built staff and investors, don’t hesitate to get in touch with the team today for the complete evaluation of the project.
Don’t Miss Your Opportunity To Earn
The team at Legacy Built is excited to tell potential investors about a project in Tucson, AZ, known as Thornydale. The project cost is estimated at $16.5M with a 3x return after an estimated holding period of 5 to 7 years. If this sounds like a project and a team you want to invest in to grow your wealth and future financial security, please contact the staff today for more information.