Latitude Ten Forty Ventures is developing a Class A, climate-controlled self-storage facility in Jacó — an all-equity project serving an underserved market of 5,000+ foreign-owned condominiums.
The Jacó–Herradura corridor holds one of the highest concentrations of condominiums in Costa Rica — an estimated 5,000+ units, with 70–80% owned by non-resident North Americans.
These snowbirds and vacation homeowners visit one to three months a year and leave behind furniture, vehicles, and surf equipment with nowhere secure to store them.
Latitude Ten Forty Ventures intends to be the first mover — a modern, secure, Class A facility positioned along the primary traffic funnel to Costa Rica's southern Pacific coast.
| Location | Jacó, Puntarenas, CR |
| Asset Type | Class A Self-Storage |
| Site Size | ~12,477 m² |
| Capital Structure | 100% Equity |
| Target Hold | 5 Years |
| Preferred Return | 10% |
Jacó has matured from a quiet surf town into a hub for tourism, foreign investment, and real estate — roughly a 90-minute drive from San José's international airport.
Highway 34 routes nearly all traffic to the southern Pacific coast — Manuel Antonio, Dominical, Uvita — directly through Jacó.
5,000+ condominium units in the immediate region, including beachfront high-rises and the Los Sueños marina community in Herradura.
70–80% of units are foreign-owned. Non-resident owners have no storage alternative — a sticky, recurring tenant base.
The Plan Regulador zones central Jacó for commercial use. Foreign investors hold the same property rights as citizens.
Costa Rica: democratic since 1949, a clear national title registry, and equal protections for foreign investors.
Comparable expat markets — Los Cabos, Riviera Maya — achieve $200–$315 per unit per month at high occupancy.
An all-equity capital stack eliminates construction-debt risk and lender covenants. Breakeven sits at 25.2% occupancy — profitable at fewer than one in four units leased.
| Scenario | LP IRR | Multiple |
|---|---|---|
| Conservative $2.50 PSF · 15 units/mo | 22.7% | 2.25x |
| Base Case improving lease-up pace | 25–27% | 2.5–2.7x |
| Downside 7.5% exit cap rate | >18% | >2.0x |
Year 5 exit. Projections are illustrative targets, not guarantees of future performance.
GP co-invests 7% equity. Asset management fee: flat $100K/year during lease-up; the greater of $100K or 5% of EGR after 85% stabilization.
Tell us a little about yourself and we'll follow up with the confidential offering materials. This opportunity is available to accredited investors only.
Prefer email? Reach us directly at invest@latitudetenforty.com.