Butte, MT
Investment overview
Citadel Butte is a value-add self-storage facility acquired with a plan to raise rates and add units. An 11,000 sq. ft. expansion phase was permitted and construction began in the third quarter of 2025, and the new units are now in lease-up.
As of the Q2 2026 investor report the facility sits at 65% occupancy, with cash flow being reinvested into marketing and leasing. Once occupancy climbs, HRZN plans a cash-out refinance with the goal of returning investor equity.
Key highlights
More in Self-Storage
A 12-month land investment for covered RV and boat storage: an 8% preferred return paid monthly while the land is leased and entitled, plus 10% at a pre-arranged sale.
One of HRZN's strongest-performing facilities, holding 100% occupancy while executing rent increases.
A 290-unit self-storage facility near Elko, Nevada, building multiple revenue streams, with occupancy up from 70% to 82% in a year.
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