Self-Storage and Related Experience

Self-Storage Case Studies
Scaffold Partners and its investors currently own three self-storage facilities: An institutional, core asset in Florida, a former Kmart retail store that has been successfully converted into a storage facility in South Carolina, and a newly built property in Texas. Below are the case studies of those investments.
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Institutional Acquisition Case Study: Extra Space Storage

Location

Fort Myers, FL

Acquisition Date

June 2023

Purchase Price

$20M

Rentable SF

81,335

Units

664

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Conversion Case Study: Lexington Kmart

Location

Lexington, SC

Acquisition Date

February 2023

Purchase Price

$5.2M

Rentable SF

73,800

Units

674

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Take-Over Case Study:
Clear Creek Storage

Location

Killeen, TX

Acquisition Date

March 2022

Purchase Price

$10.5M

Rentable SF

136,130

Units

541

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Legacy Case Studies: Investments in other real estate asset classes
Before focusing exclusively on self-storage, Scaffold Partners invested with its clients in eight multifamily and student housing projects across the country. Six of these properties have sold, yielding an average deal level IRR of 30.5% and an equity multiple of 1.87x, with an average hold time of 33 months. We are proud of our track record of sourcing and stewarding investment opportunities for our investors. For case studies of some of these legacy investments, see below.
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Student Housing Case Study:
Carriage House

Location

Storrs, CT

Hold Period

2 years, 2 months

Purchase Price/Sales Price

$5.6M/$11.2M

Internal Rate of Return

29%

Equity Multiple

1.66x

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Student Housing Case Study:
Amherst Grove

Location

Sunderland, MA

Hold Period

2 years, 8 months

Purchase Price/Sales Price

$13.35M/$19M

Internal Rate of Return

30.79%

Equity Multiple

2x

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Multifamily Case Study:
The Landing at Woodlawn Tower

Location

Wichita, KS

Hold Period

2 year, 9 months

Purchase Price/Sales Price

$8.25M/$14.625M

Internal Rate of Return

26.7%

Equity Multiple

1.85x

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Contact us to start a conversation about your interest in self-storage investment.