Dominion Self Storage I LLC has raised $1.65 million from its $4 million equity offering, according to a Reg D filing with the U.S. Securities and Exchange Commission.
Paulo Poma and Milton Turner are the principals named in the filing for the Knoxville, Tenn., company. The proceeds will be used for construction and initial operation costs.
Dominion Self Storage will receive an amount equal to 5 percent of the construction costs, according to the filing. The issuer plans to pay a 6 percent sales commission on the total amount sold from the offering.
Source: CityBizList, Dominion Self Storage Boxes up $1.7M to Construct Facilities