Self Storage Development

[Jason Nedrow]

Investment Info:

commercial investment investment in Norman.

Purchase price: $3,899,999
Cash invested: $650,000

Development of large self storage project. Currently being stabalized. www.okiestorage.com

What made you interested in investing in this type of deal?

The income without the cap x.

How did you find this deal and how did you negotiate it?

Through another developer in the area.

How did you finance this deal?

80% construction to perm.

How did you add value to the deal?

Added use and constructed facility.

Lessons learned? Challenges?

Construction variances.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

no.