GROUND-UP SELF-STORAGE INVESTMENT OPPORTUNITY
The Innovation Corridor Fund
24%
Projected IRR
2.2X
Projected Equity Multiple
8%
Preferred returns
A federal tech hub designation, a $200M university innovation complex, and Amazon's logistics expansion are reshaping two of the state's
fastest-growing mid-size cities, Corvallis and Springfield, into one of the most compelling self-storage markets in the country.
Disclaimer
General Disclaimer:
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Investments described herein are subject to restrictions on transfer and resale. Investors should not assume they can easily liquidate their investments. Forward-looking statements included in this document are based on current information and assumptions and are subject to risks that could cause future outcomes to differ from those expressed or implied. Signal Ventures LLC does not update forward-looking statements based on new information or future developments unless required by law.
This material is for informational purposes only and is not a commitment to any particular deal. It is intended solely for accredited investors. Any security offering is subject to specific eligibility requirements, detailed in the relevant offering documents. The information contained herein is confidential and may not be reproduced or shared without written consent. In the event of any conflict between the terms of the offering memorandum for interests in SV005 SPV, LLC (the “SPV”) and the terms of the SPV’s subscription documents and the LLC agreement, the latter shall control.
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This document may contain future financial projections and forecasts. These are based on various assumptions and hypothetical scenarios, and Signal Ventures LLC makes no guarantee or warranty regarding these projections. Past performance does not guarantee future results, and any performance examples are based on assumptions that could differ from actual results. Potential investors should understand that projections are not indicative of actual outcomes and that no representation is made regarding the likelihood of achieving profits or performance similar to those presented.
Why Oregon? Why Self-Storage?
The Innovation Corridor is the stretch of Oregon anchoring the state’s next wave of tech and logistics investment — Corvallis, home to a federally designated Tech Hub and a $200M semiconductor innovation complex, and Eugene-Springfield, benefiting from Amazon’s expanding logistics footprint near Eugene. Self-storage demand doesn’t need a boom. It needs churn: people arriving, downsizing, transitioning. Corvallis and Springfield have all 3 signals firing at once: federal tech investment, an Amazon logistics footprint, and a storage supply pipeline near zero.
These markets have been absorbing storage capacity for years. Existing facilities are at near-total utilization, yet there is virtually nothing in the active construction or permitting pipeline. The market is full, and we’re building into the gap.
Corvallis
FEDERAL TECH HUB • OSU ANCHOR
- $45M EDA grant for the CorMic semiconductor hub
- $53M CHIPS Act investment via HP Corvallis
- 60+ org consortium: HP, NVIDIA, Intel, Thermo Fisher
- $200M Jen-Hsun Huang Collaborative Innovation Complex
- Decade of high-wage job growth in the region
Springfield
AMAZON LOGISTICS • EUGENE METRO
- Amazon purchased 318K sq ft warehouse near Eugene Airport
- Renter turnover of approx. 2,606 households/year
- 97.4% occupancy in nearby self-storage market
- 55,400 residents within a 5-mile radius
- Zero new competing supply under development
Opportunity Overview
The SPV intends to develop two ground-up self-storage facilities strategically located across Oregon’s Innovation Corridor: a 411-unit, 44,300 net rentable square foot facility on a 3.41-acre site at 52nd & Highway 126 in Springfield, and an estimated 591-unit, approximately 66,150 net rentable square foot facility on a 2.82-acre site at 3480 SW Deschutes St in Corvallis. Both sites are owned outright by the SPV, removing acquisition timing risk from the development path.
This offering is structured around a projected $6.9M equity raise, with $16M in target debt anticipated as part of the capital stack once financing is secured. Signal Ventures LLC will serve as the Managing Member (“GP”). Equity investors will have the opportunity to purchase shares in the LLC Common Members (“LP”).
Each asset is projected to reach full lease-up within 24 months of completing construction. Springfield breaks ground first, with Corvallis following approximately 6 months later. Both are projected to stabilize within the fund’s anticipated 3-year hold, carrying the portfolio into a defined exit window.
Investors receive an 8% preferred return before any profit split takes place. Once that preferred return is met, remaining profits split 70%/30% in favor of LPs — aligning Signal Ventures’ upside directly with investor performance. The project is targeting a 24% projected IRR and a 2.2X projected equity multiple over the hold.
24%
Projected IRR
2.2X
Projected Equity multiple
8%
Preferred returns
70%/30%
Split in favor of LPs
6.9M
Projected equity raise
3 years
Projected holding period
16M
Projected debt
24 months
Projected lease-up
ICF Forecasted Projections
The Portfolio
Two sites. One thesis. Both markets already full.
A market at capacity, with no relief in sight
Springfield’s storage market is tight, with 15 competitors spanning 719,001 sq ft and only 148 units available. Occupancy sits at 97.4% with no new supply in the pipeline.
Demand is stable, driven by 8,700+ nearby renter households and ~30% annual turnover, ensuring consistent absorption. The market can support this facility and more, yet no new competition exists.
Located at 52nd & Highway 126 with up to 49,000 vehicles per day, the site offers visibility before customers even search.
Oregon's semiconductor capital is being built here.
Corvallis has seen steady growth for 29 years, driven by Oregon State University, where enrollment has surged to nearly 25,000. Housing is so constrained that admissions are now capped, while ~20,000 workers commute in daily.
It’s also Oregon’s most rent-burdened city. 58% of Corvallis households rent. This creates constant storage demand driven by moves, downsizing, and turnover.
Tech investment adds further demand, with the CorMic consortium (including HP, NVIDIA, Intel, Siemens, and Thermo Fisher) expected to generate ~$1B in annual GDP.
Capital deployed into this market
Invest in one of the most supply-strained markets in the Western U.S.
Invest in Two of the most supply Constrained
markets in the Western U.S.
Corvallis and Springfield sit less than 40 miles apart on the same growth corridor — one anchored by federal tech investment, the other by logistics expansion. Storage demand in both markets is running near capacity, with almost nothing new coming online to compete with it.
Signal Ventures
25 years.
2 Recessions.
6 Asset Classes.
Signal Ventures was founded on a simple premise: data-driven decisions find value where others miss it. We’ve operated across residential development, self-storage, car wash, construction, and multi-family, always led by proprietary analytics.
$140M+
Total capital deployed
25+
Years in real estate
business operations
6+
Distinct asset classes successfully operated
72% IRR
on first self-storage
sale (2017)
The team
Jason Adams
FounderJason has been a real estate business owner since graduating from college in 2001, with diverse experience across residential development, self-storage, car wash, construction, and multi-family. His professional focus is building teams that work in coordinated pursuit of common goals, guided by clear data and actionable metrics.
Outside of work, Jason is focused on being a present dad and husband. He enjoys introducing his family to the outdoors and personally stays active through trail running and cross-country skiing.
Murali Pillai
Head of Investor RelationsMurali brings over 25 years of experience in financial services, customer service, and account management. As Head of Investor Relations at Signal Ventures, he focuses on building strong investor relationships, providing attentive post-investment support, and ensuring clear, consistent communication throughout the life of each offering.
Murali's background spans both institutional and client-facing finance, giving him a practical understanding of what investors need not just at the point of commitment, but through every stage of the investment.
Our track record speaks for itself
2012
Grew through the 2008 Financial Crisis. Acquired, renovated, and sold 60 single-family homes over 4 years.
2015
Built first self-storage facility with 317 units, the first to be managed remotely in its region.
2017
Sold Tumalo Self-Storage to a regional operator, generating 72% IRR.
2020
Launched first-of-its-kind analytics dashboard for income property financial forecasting.
2021
Sold multi-family holdings at record-low CAP rates.
2022
Acquired four self-storage development sites in Oregon to supply demand from the apartment boom.
2025
Completed first syndicated raise at $6.25M.
The market is full.
we're building the relief valve.
Accredited investors can request the full investment memorandum and underwriting model. Signal accepts a limited number of LPs per offering.