Self Storage Expansion

[Jason Black]

I currently own and operate a self storage facility in Ohio and I’m looking to expand. Does anyone have experience with expanding facilities or pro/cons on self storage building companies? 

Thank you

[Michael Wagner]

I've expanded a few existing facilities.  Great way to build wealth and add to your cash flow if the market demand is their and the rental rates are adequate to support your construction costs.  I've used Trachte building systems exclusively and have been happy though you would be wise to shop around.  To me, Trachte has the best product and the standing seam roofs and zero exterior fasteners are worth the little premium that I might have paid in the past.  Customer service is also good.  Price of steel is up these days but I'd venture to say you can still lay a slab and erect a building for under $20 per square foot assuming you are starting with a good gravel base/lot.  Add to that if you need to run electric, prep the base, add fencing etc but all inat $25 per square foot is usually pretty doable.