Self Storage Climate Controlled

[Tyler Fry]

I’m trying to get started in the self storage business. I found a building for sale that is in an area with a population of 60,000 with an average household income  of $65,000 within 3 miles of the location. There is a really small climate controlled facility almost three miles away from the location other than that there are no other climate controlled facilities within 5 miles. I’ve done demand studies and shows there is 300,000 square feet of demand left in the area. I was wondering if there is much demand for climate controlled units? I can fit about 450 units within the building. Is 450 units way to much?