property details

Redford Self Storage Fund LLC

Total SF 99,075
12282 Woodbine Avenue, Redford Charter Township, Michigan 48239, USA
property details

Redford Self Storage Fund LLC

Total SF 99,075
12282 Woodbine Avenue, Redford Charter Township, Michigan 48239, USA
Convert an existing 90,000 SF industrial building located in an opportunity zone [OZ] in Detroit, MI on 3.24 acres.  The property will be converted into a 99,075 SF Class “A” climate-controlled self-storage, consisting of 1,033 units including 145 units of exterior drive-up storage. Located directly across the street from the property, is the 2.3 million SF Detroit Diesel Corporation (DDC), a subsidiary of Daimler Truck North America, building chassis components, such as engines, axles, transmissions for the on-highway and vocational commercial truck markets. 

Property Snapshot
OFFERING DETAILS 
- Maximum Offering Amount: $7,500,000
- Interest Rate: 13.0% 
- Paid Quarterly: 8.0% (Annualized) 
- Paid at Maturity: 5.0% (Annualized)
- Maturity Date: Sept. 30, 2025 with a 1-year extension option $100,000 
- Minimum Purchase: $100,000
 - DPM Redford Self Storage Fund LLC (“Fund”) is offering Series 2022 13% Debentures in the 
maximum aggregate principal amount of $7,500,000.
 - Accredited Investors Only
 - Business Plan: Offering proceeds will be distributed to the members of the Fund, which will in 
turn make an equity investment in DPM Woodbine Self Storage LLC (“Project Owner”). The Project Owner intends to use such funds to acquire and convert an existing building (90,000 SF) located on 3.24 acres into a 99,075 SF Class “A” climate-controlled self-storage facility. Neither the Fund, nor the investors, will have any ownership interest in the real property. 

property DOCUMENTS

Redford Self Storage Fund LLC
Site Location & Documents

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