USSFM identifies and develops self storage centres for syndicates of private investors. In this role, USSFM provides a full range of services for the syndicates including design and development, construction management, project feasibility and financing, operations management selection, ongoing investment management and asset realisation.
Storage King Pimpama (SKP) was developed by USSFM and is owned by the same syndicate of private investors which invested in Storage King Helensvale (SKH) and Storage King Coomera (SKC) . USSFM raised the equity and debt to fund the Project and is retained as the investment manager.
The facility has over 600 multi-sized units spanning over two buildings, each with three levels, with a total net lettable area of 5,800 sq. metres.
SKP was developed in 2022 and opened for trading at the commencement of 2023, reaching occupancy levels of 75% after only 18 months of trading.
Storage King North Lakes (SKNL) was developed by USSFM and is owned by a syndicate of private investors. USSFM raised the equity and debt to fund the Project and is retained as the investment manager. SKNL is located in the fast growing suburb of North Lakes, situated in the northern growth corridor outside Brisbane.
SKNL is made up of three buildings each with two levels of fitted storage units and an area of hardstand at the northern end of the site. The total Net Lettable area of the centre is 5,600sqm.
SKNL opened for trading in February 2020 and reached 85% occupancy after a year of trading. Based on the most recent independent valuation, SKNL has an unrealised equity IRR of 22% over a 5 year period.
Pacific Self Storage Vanuatu (PSSV) was developed by USSFM for a syndicate of private investors. PSSV was developed to capitalise on the relative under supply of self storage in the region. USSFM intends to roll out Pacific Self Storage branded centres across the south pacific into the future.
