Letter To Potential Investors

Letter To Potential Investors

Jim Glasgow
3419 Northeast Parkway, Suite 201
San Antonio, Texas 78218
Tel: 210-829-7531 ext 1382
Fax 210-829-1482
E-mail jglasgow@patiostore.com

Investors Name
Street Address
City, State, Zip 000000

A SELF-STORAGE INVESTMENT OPPORTUNITY

Dear Investor;

I am writing to you to acquaint you with an investment opportunity in a limited partnership, to be known as 410E / Rigsby Self Storage LP., which will develop a self-storage facility on the east side of San Antonio, Texas.

Since the start of the self-storage industry in the early 1970's the self-storage business has grown into one of the most profitable real estate based businesses. A mature self-storage property can generate cash-on-cash returns approaching 18% annually.

In my opinion an investment in the securities of 410E / Rigsby Self Storage LP., can be considered a conservative business risk, a rare opportunity to join other investors to develop a profitable self-storage facility. As General Partner, I am of the opinion that the minimum return (on capital invested) over five years will be 75%, and the maximum total return upon sale of the property could be as high as 150%.

Jim Glasgow as General Partner

I will act as General Partner. During the past twenty-five years I was in the portable storage building business and during that time I monitored the self-storage industry as a competitor. The past two years I have been researching the self-storage industry with the intent of developing a facility. I commissioned an independent feasibility study to determine the feasibility of constructing a facility on the east side of San Antonio. With that study's positive indication for the profitable development of a self-storage property I have decided to proceed with development. I have chosen a Limited Partnership as the best method to raise the needed equity capital.

My Personal Investment

In addition to acting as General Partner I will also be participating as a limited partner with a equity investment of $200,000.

75% to 150% Profit Potential

Each Limited Partner will receive an accrued preferred simple interest of 8% annually on the capital invested. After payment of debt service and payment to the partners of accrued preferred interest, the Limited Partners will receive 50% of the quarterly net operating profits. Upon the sale of the facility the investors will receive from the net sales proceeds after settlement of any outstanding partnership obligations, their initial capital investment returned, then any accrued interest due to their account, and then 50% of the remaining sale profits.

The General partner is of the opinion that the minimum expected return to investors should be 75% over five years, with the potential that the total return could be as high as 150% of the invested capital.

Investment Units Being Offered.

Twenty-five (25) investment units are being sold at $20,000 per investment unit to raise $500,000 in equity. Approximately 50% of the units are spoken for at this time.
The balance of the property and development cost will be borrowed funds with the note being signed by the General Partner.

This letter is not an offer to sell securities; the offer is made only in the offering prospectus.

Risk and Taxes

All investments contain risk and you may want to consult you CPA or other adviser as to suitability of this investment for your individual situation. It is my understanding that losses from depreciation can only be used to offset profits from other passive investments, that distributions from limited partnership profits are considered passive income and profits upon the sale of the facility will be treated as long-term capital gains.

I'm Sure You Have Questions?

I would be pleased to meet with you to answer your questions, review the Feasibility Study, the Limited Partnership Agreement, the Conscription Agreement, the Prospectus, and/or my Resume. You can contact me by phone, E-mail, fax or I can meet with you in person at my office or any place you prefer. Please feel free to contact me concerning copies of any of the documents mentioned.

What Do I Do Now?

If you feel this investment might be right for you please call me for a copy of the Limited Partnership Agreement.
The sale of the partnership units will close on September 15th or earlier if all twenty-five (25) unites are conscripted.
After you have read the Limited Partnership Agreement and you wish to invest, sign the Subscription Agreement and the Partnership Agreement. Forward them to my attention with a check for the Units desired or a note giving the date when you will be sending the check. Once your subscription is accepted you will receive an Affidavit of Payment of Capital along with executed copies of the agreements. When the Partnership's application is filed with the state you will get a Certificate of Partnership.

I look forward to a mutually rewarding investment experience with you.

Sincerely yours

Jim E. Glasgow Sr.

References available upon request.

cc. file

Enclosures:
1. Prospectus
2. Inscription agreement
3. Resume
4. Referral fax

Web sites (URLS) to articles on self-storage industry