Noblesville, IN, June 12, 2024 –Passive Storage Investing, a leader in the self storage investment industry, proudly announces the successful acquisition of the Peoples Choice Storage Westerville project. This strategic acquisition marks a significant milestone for the company, enhancing its robust portfolio and demonstrating its commitment to expanding high-growth opportunities in the sector.
The Peoples Choice Storage Westerville facility is strategically located in a thriving market poised for growth, further bolstered by the nearby $20 billion Intel chip factory. This new venture offers investors an impressive 19% targeted internal rate of return (IRR), which measures an investment’s profitability, and a 20% projected average annual return, promising substantial financial benefits and stability.
“We are thrilled to bring the Westerville project into our portfolio,” said Scott Meyers, Founder and CEO of Passive Storage Investing. “This acquisition aligns perfectly with our strategy of targeting high-potential markets. The economic uplift from the Intel chip factory in the vicinity adds a strategic advantage, enhancing our growth and return projections for our investors.”