Portable Self Storage Depreciation

[Daniel DeMarco]

I have an industrial warehouse that is fully rented but has 5 acres of flat land that I am thinking about doing self storage on.  Has anyone used the portable self storage units rather than building a building on a cement pad.  I am thinking this would be classified as equipment not a building since you can pick it up with a fork truck and move it anywhere on site.  Has anyone done this and successfully depreciated these units as equipment and not buildings? 

[Wendy Carpenter]

I have 2 facilities with portable units and I’m currently in the process of adding more units to both. I think it depends on where you are for what company you use, because of freight cost. I’m using Modular Mini Storage out of Oregon for mine. Lucky for you, it seems as though most of the modular companies are on the east coast or south. I know Janus also has modular (roll up doors are what they are mostly known for) and Kiwi is another one.