Go Store It Wilmington Storage DST, an all-cash Delaware statutory trust offering, has been fully subscribed by investors. The DST offering raised nearly $5.2 million in capital and is the second fully subscribed offering by Go Store It Partners to date in the independent broker-dealer/RIA channel.
The Wilmington DST consists of four storage buildings located directly off of Market Street, the main thoroughfare in Wilmington, North Carolina. The property offers storage spaces in a variety of sizes and has undergone upgrades over the last several years.
“With the continued growth projection of the Wilmington area, we believe that quality storage will best serve the area,” said CEO Ryan Hanks. “We utilized prime market research to renovate this facility to offer an outstanding mix of sizes and temperature-controlled units for Wilmington residents.”
Go Store It has recently partnered with CM Pacific Capital to act as its distribution platform.
CM Pacific Capital was formed in 2016 to offer tax-efficient alternative and direct investments including real estate, energy and investment opportunities.
Based in Charlotte, Go Store It is an affiliate of Madison Capital Group LLC and specializes in the acquisition, development and management of self-storage assets throughout the country. The company currently has more than 2 million square feet of storage space under management and construction.