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Hello all those with self storage investments.I'm writing to get some feedback on a recent investment opportunity in the self storage space in Michigan. I am looking to startup a family business with my dad and sister...
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Anyone with experience developing a new self storage facility? If so, what are the conditions that make for an ideal development opportunity? Any pros/cons versus just buying an existing facility?
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Does anyone here own/invest in Self-Storage? I have a deal that I'm trying to analyze to see if I should look for financing for it or pass on it. Message me back to help me. Thanks
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Hi Guys,
I'm under contract on a 133 unit self storage facility in Odessa, TX at a purchase price of $615k. Due to timeline we won't be able to use an SBA loan, and it's a turnaround (40% occupied with no marketing,...
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I'm generally a buy and hold investor, but a few of our properties have appreciated significantly over the years and have significant equity locked up. None of the 10+ banks I've contacted want to cash out refi unfort...
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There is a 38-unit self storage facility listed on MLS with average rent of $60/unit; Built in 1998; located in Porter, TX, which is in Montgomery County (north of Houston). This is a mom-and-pop operation. The area i...
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I am a developer of storage condominiums in Southern California. I am on my 2nd project, my first being in Beaumont Ca and my 2nd in Palm SpringsBack story-Storage condominiums while rather new, are filling a gap t...
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Hi All! I am a commercial general contractor in the Southern New Jersey Region. We primarily construct commercial, medical, and industrial buildings with a strong history in pre-engineered metal buildings. My goal is ...
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I’ve been looking into self storage sites and located for some experienced advice.What would be a minimum parcel size to consider? Is 0.8 acres to small?The thought would be to do mini storage as it’s in an urban set...
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Investment Info:
Other other investment.
Purchase price: $730,000
Cash invested: $92,000
Terry Champagne has been a successful real estate investor for over 20 years. Currently owns and operates 169 ...