Gross Internal Rate of Return (IRR): 31.07%
Storage Depot of Ocala was a self-storage facility consisting of 119 climate-controlled units and 339 non-climate controlled units built in 2005. It also includes 31 outdoor spaces for boats, trailers, and motorhomes totaling approximately 73,225 NRSF.
In just over 3 years, Cohen Investment Group was able to effectively execute its value-add strategy, improve operations and management, and increase occupancy at the property.
Cohen Investment Group acquired this property on March 15, 2017 and sold it on June 16, 2020.
Please give us a call or send us a message if you have any questions or would like to learn more about investment opportunities at CIG.