Turning Vacancy into Value: Keene, NH Acquisition

Most investors see a vacant property and walk away. At Patriot Holdings, we see opportunity.

Our recent acquisition in Keene, NH, is a prime example of how we transform risk into results. By securing a five-year lease with a commercial tenant at $9.30/SF NNN, we established a solid financial base—setting the stage for what could be one of Fund V’s strongest projects.

APS Keene Acquisition Details:

- Location: 420-422 Winchester St, Keene, NH 03431
- Purchase Price: $1,650,000
- Closing Date: 2/4/2025
- Property Size: 11,700 SF self-storage + 16,320 SF industrial
- Occupancy at Closing: 100% vacant → Now with an industrial tenant on a 5-year term
- Loan: $1,155,000 bridge loan from Stormfield Capital LLC (actively refinancing to a permanent bank mortgage)
- Capital Improvements: $285,000 planned across storage and industrial spaces
- Projected Returns: 30.1% IRR | 3.22x equity multiple (5-year hold)

Why Fund V Investors Benefit:

✔ Expert Execution – With deep expertise in both storage and industrial real estate, we maximize value by securing quality tenants, raising rents strategically, and driving income growth.
✔ Market Advantage – Managing over 6,100 storage units in the area gave us an edge. We knew the demand and had the right tenant lined up from day one.
✔ Smart Growth – Our targeted improvements enhance value without wasted resources, leading to stronger long-term returns.

With All Purpose Storage managing nearby units, we seamlessly integrate operations for faster lease-up and smoother management.

This is what we do—turn unseen potential into exceptional outcomes.

Want to see how Fund V puts this strategy to work? Contact our Investor Relations Team

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