Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

12
Posts
1
Votes
Stephen Lyons
1
Votes |
12
Posts

Self Storage Upgrading/modernizing

Stephen Lyons
Posted

My dad has a self storage facility with:

1) 15,000 sq/ft warehouse (no environment control) 

2) 2,000 sq/ft office with 2 bathrooms and 4 rooms 
3) 16,000 sq/ft drive up self storage
4) about 40 parking spaces 

All of the warehouse is being used by his company along with the office. Has security and a gate/fence. Thoughts on upgrades such as software to allow users to rent and pay online (how much does this usually cost?). Also wondering about adding cover or power for RV, cars, and boat parking? For the warehouse do you usually have to upgrade power or sub-divide it to get clients onboard? Did think about adding climate control units in the warehouse but it would be very expensive. Market research indicates units are 60% of what they should be so that is planned to be phased in for existing customers every 10-12 months over 2-3 cycles (do not want to make existing customers angry and leave bad reviews). Not even sure what to do with extra office space. Could use some experienced perspectives! Thank you. 

Most Popular Reply

User Stats

3,767
Posts
3,733
Votes
Henry Clark
#1 Commercial Real Estate Investing Contributor
  • Developer
3,733
Votes |
3,767
Posts
Henry Clark
#1 Commercial Real Estate Investing Contributor
  • Developer
Replied

@Stephen Lyons

Recommend you don’t do storage, do contractor bays. You will make more money with less effort. 

Your location, parking, office, storage space will make for good contractor bays.  Key issue is what is your ceiling height and door height?  

  • Henry Clark
  • Loading replies...