Red Hawk Garage Suites - Prescott, Arizona

Asset type: Storage · Location: Prescott, Arizona

Red Hawk Garage Suites - Prescott (RHGS-Prescott) is a new construction commercial real estate project offering 200 units at $25,000 per unit for a total raise of $5,000,000. Red Hawk Garage Suites is a for sale, fully customizable, large-scale, luxury automotive garage self-storage condominium. The project is situated on a 5.93-acre site on Deep Well Ranch Road and SR-89 immediately north of Prescott Regional Airport in Prescott, Arizona. The site is fully improved with all utilities stubbed to the and access drives in place. Preliminary civil engineering is complete. The site was purchased in October 2024. The site plan has been approved by the City of Prescott. Only final construction drawings and associated engineering remain to be completed together with the final plat. RHGS-Prescott offers 86 Garage Suites ranging in size from 26'x36' to 26'x50' plus access to all the amenities offered including a Members' Only Club House. The luxury self-storage garage concept is fully proven in the car-centric broader metro-Phoenix industrial/self-storage market. This is the initial equity funding round for RHGS-Prescott. A secondary round may be necessary, but that will not be know until construction funding is in place. RHGS-Prescott is the third project of its type by Red Hawk Development. This investment offers 2.2x equity multiple and 33% IRR over a 36- to 42-month hold. Access the Executive Summary of Offering Memorandum using this link: RHGS-Prescott LP Shares Info See www.redhawkgaragesuites.com for more details on the RHGS-Deer Valley and RHGS-Glendale projects. The website is being updated for the RHGS-Prescott project at this time. Contact me (Charles Eckert, Jr.) directly for a full Offering Memorandum, to discuss the project and to obtain subscription docs for your investment and to obtain Operating Agreement. I am the sponsor and the developer. Also note, we have two other projects we are funding: One is a 9,718 sf multitenant restaurant building on a hard corner in a fully built out neighborhood shopping center in north Phoenix called Happy Valley Crossroads. We are raising $600,000 in our final equity round for that project (20 units at $30,000 per unit). The site is fully improved. Building is 100% pre-leased with three national tenants and two local tenants. Intend to commence vertical construction in Q1 2025 and deliver in Q3 2025. See LPShares.com listings under 1710 West Happy Valley Road. Red Hawk is also closing out a final equity round in its Red Hawk Garage Suites project in Glendale, Arizona (RHGS-Glendale). We are raising up to $2.5MM in additional equity (up to 100 units at $25,000 per unit). The project is situated on a 3.6-acre site in Glen Harbor Commerce Park north of Glen Harbor private airport. RHGS-Glendale offers 61 Garage Suites ranging in size from 23'x33' to 27'x50' plus access to all the amenities offered including the Members' Only Club House. Site development commenced in July 2024 and the first phase of vertical construction (26 Garage Suites including the Members' Only Club House) is expected to deliver in Q2 2025. The project is expected to complete construction in Q1 2026. RHGS-Glendale already has booked 8 presales. The RHGS-Glendale Investment offers 2.2x equity multiple and 33% IRR over an 18-30 month project hold. For the Offering Memorandum summary and more information, see the listing on the LPShares.com website under RHGS-Glendale.