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Crystal View Capital Fund IV Acquires 135-Unit Storage Facility in Las Vegas

Crystal View Capital Fund IV is pleased to announce the acquisition of a 135-unit self-storage facility located in Las Vegas, Nevada, approximately 20 minutes from the Firm's corporate office and 4 miles from our storage property in Henderson, NVThis deal was sourced off-market by our in-house acquisitions team and is comprised of approximately 21,928 rentable sq. ft. and has maintained an average occupancy of 98%.

Property Highlights

  • Rents have been under market for several years. With a comprehensive market analysis executed by our in-house management team, we have determined the opportunity to increase rents over 30% in the first year.

  • With our nearby storage facility only 4-miles away, our ability to implement a synergistic management approach with our current team will allow us to integrate and optimize operational efficiencies and enhance customer service.

  • Completion of small CapEx projects such as new street signage and painting to improve curb appeal.

Based on our underwriting and projections, we anticipate this asset delivering a project-level IRR of approximately 22.5%, MOIC of 2.6x, and a cash-on-cash return of 9% over a five-year hold period. With the potential sale of the existing cell tower on property, this would generate a higher return near a 30% IRR.

We are actively seeking capital for the closure of mobile home communities and self-storage facilities in our pipeline, exceeding $65 million. Any new investor contributions are expected to be promptly deployed because of these anticipated acquisitions. For those interested in investing, we invite you to reach out to our team at


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