Madison Capital Markets Successfully Closes Go Store It Orlando DST

Madison Capital Markets recently closed Go Store It Orlando DST, a Delaware statutory trust offered as a Regulation D private placement for approximately $18.5 million.

Last month, Madison Capital Group officially rebranded affiliate Madison Capital Markets from Madison 1031 Exchange. In addition to representing 1031 exchanges as it had before, Madison Capital Markets serves as a specialized division dedicated to providing stable cash flows and value creation opportunities for real estate investors, as well as engaging in other tax advantage strategies and Regulation D investment offerings.

The now closed investment opportunity featured Go Store It Self Storage, located in the 8300 block of Osceola Polk Line Road in the Orlando, Fla. market. The property has more than 54,000 square feet of rentable self-storage space, comprised of 611 storage units. The units are climate-controlled and have drive-up accessibility and parking spaces.

“We are extremely happy with the successful capital raise,” said Michael Crimmins, president of Madison Capital Markets. “The Go Store It Orlando DST is a high-quality investment opportunity that went very quickly. It was only available for a short period due to the high level of investor interest.

The offering had launched in October 2023, requiring minimum investments of $50,000.

“The location in Florida was a major driver, and the Orlando market is particularly strong for self-storage. Additionally, the demand for all-cash DSTs has proven robust, reinforcing the recession-resistant nature of this asset class,” added Crimmins.

According to Madison Capital Markets, Go Store It Orlando is a prime location with excellent visibility and accessibility. Osceola Polk Line Road, a major thoroughfare, experiences a daily traffic count of 70,000 vehicles. Finally, the surrounding area saw significant growth, with the population in Davenport, Fla., increasing by 15.8% and the median household income rising by 11.2% between 2019 and 2020.

Also in Florida, as well as Tennessee and Texas, Madison Capital Markets launched the Madison Net Lease IV Fund last month, which aims to acquire and managing a portfolio of high-quality, single-tenant convenience store assets.

Go Store It and its management company, Go Store It Management LLC, both subsidiaries of Madison Capital Group, have established a strong track record since their inception in 2016, now operating over 100 locations across 17 states. The subsidiaries said that self-storage demand has remained resilient and stable, even during economic downturns.

Madison Capital Group, a vertically integrated real estate development and investment firm headquartered in Charlotte, N.C., specializes in real estate investments with a focus on the self-storage and multifamily sectors. The company is the parent entity of Go Store It Self-Storage, a non-traded direct investment sponsor emphasizing self-storage, and Madison Communities, a vertically integrated real estate development and investment firm dedicated to crafting high-quality, suburban, garden-style apartment communities throughout the Southeast.

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