Flagship Development

Buckfield Storage SPE LLC

A Shovel-Ready 169-Unit Self-Storage Expansion in Buckfield, Maine.

Executive Summary

Ground-Up Development Project

This project consists of 169 high-efficiency drive-up units located on a newly subdivided parcel. Structured as a Special Purpose Entity (SPE), the asset is isolated for streamlined operations and future institutional disposition. All pre-construction phases—including site clearing, grading, and pad prep—are 100% complete.

$1,629,345 TOTAL PROJECT COST
70% TARGET LTV

Project Roadmap & De-Risking

Execution history and upcoming development phases for the Buckfield Storage SPE.

May 2025 | Completed

All-Cash Acquisition

11.9-acre campus purchased with 100% Sponsor Capital. Asset acquired debt-free with no existing liens.

Aug - Nov 2025 | Completed

Site Prep & Remediation

Campus-wide cleanup, stumping, grading, and water main replacement completed. All early development risk absorbed by DDS.

Jan 2026 | Active Milestone

Revenue Stabilization

New lease commencement at Building 4, bringing recurring campus income to $11,600/month prior to storage launch.

Q1 - Q2 2026 | Upcoming

SPE Construction & Lease-Up

Subdivision finalization and vertical construction of the 169-unit facility. Project transitions to operational phase.

Facility Specifications

Total Units 169 Units
Access 24/7 Automated Gate
Security Perimeter Fencing & CCTV
Technology Mobile Entry Enabled

Market Analysis: Supply & Demand

Oxford County Region | Buckfield Corridor

Underserved Radius

The 5-10 mile secondary trade area shows a significant deficit in modern, secure self-storage options, specifically regarding 24/7 automated access.

Zero Local Competition

Currently, there are no facilities within the immediate corridor offering the planned technology suite (CCTV, mobile entry, automated gate) providing a dominant market position.

Occupancy Resilience

Regional occupancy for drive-up storage remains consistently above 95%, with waiting lists common at neighboring facilities in South Paris and Auburn.

Financial Architecture: Sources & Uses

A. Sunk Equity Invested ($379,946)

GC (Paid to Date)$140,000
Prorated Land Acquisition$122,946
Site & Ground Prep$75,000
Demolition$27,000
Feasibility / Consulting$15,000

B. Build & Soft Costs ($910,899)

Storage Units & Tariffs$584,699
Freight & Assembly$156,200
Fencing, Gates, Wall, Elec.$75,000
Subdivision Fees$20,000
Bank Fees & Closing Costs$20,000
GC Balance (Remaining)$20,000
Legal Fees$15,000
Branding, Web, Signage$10,000
Misc. Professional Fees$10,000

C. Reserves ($338,500)

Debt Service (12 mo)$113,400
Const. Contingency$85,100
Marketing$65,000
Lease-Up Reserve$60,000
Working Capital$15,000
TOTAL PROJECT COST
$1,629,345

Sponsor Execution & Asset Isolation

Buckfield Storage SPE LLC is structured as a dedicated entity on a newly subdivided parcel to ensure institutional-grade asset isolation. Dynamic Development Solutions (DDS) maintains a debt-free position in the adjacent commercial campus, demonstrating a significant capital commitment to the Buckfield corridor and a proven track record of regional property management.