Refinancing Success: Woodridge Mini Storage, North Carolina

Crystal View Capital is pleased to share an update on Woodridge Mini Storage, a 551-unit self-storage facility in North Carolina acquired in July 2022. Previously a mom-and-pop owned and operated facility, the property presented a clear opportunity for growth.

Through professional marketing, operational improvements, and strategic management, our team grew the net operating income by 47% and increased the average unit rent from $78 to $123 per month. These initiatives strengthened operational performance and positioned the property for long-term value creation.

The improvements enabled us to secure a 10-year CMBS loan of $5,350,000 at a 6.48% interest rate, allowing us to pull out 76% of our initial equity capital. This refinance positions the property to deliver a projected 7.74% cash-on-cash return going forward, while providing flexibility for ongoing operational growth and future opportunities.

This update illustrates Crystal View Capital’s continued focus on disciplined value creation, operational excellence, and delivering meaningful outcomes for our investors. By identifying opportunities in undervalued or underperforming assets, implementing targeted improvements, and leveraging financing strategically, we continue to create strong, sustainable performance across our portfolio.

For more insights, check out the latest update from Matt Ricciardella to see how these results translate into meaningful outcomes for investors. Investors interested in participating in Fund IV or learning more about similar opportunities are encouraged to connect with our team.

Disclaimer: Past performance is not indicative of future results. The investment returns referenced herein, including IRR and MOIC, reflect historical outcomes specific to this asset and are not a guarantee of future performance. This communication is intended for informational purposes only and should not be construed as an offer to sell or a solicitation of an offer to buy any security or investment product. Any offering is made only pursuant to formal offering documents and in accordance with applicable securities laws.