Updated almost 4 years ago on . Most recent reply
Self Storage Expense Projections - Climate Controlled
Hello all,
I am working on my first warehouse site to convert to self storage and have been on youtube and learning about this asset class. I'm having a bit of difficulty putting together a list of monthly expenses that I should account for for a climate controlled site.
For now I'm using 35% expense ratio to move forward and now the deal is getting more evolved and I feel I need line items for expenses and not just a %.
For now, I have taxes, insurance, utilities, & management for my expenses. I understand climate controlled sites don't use the same amount of energy as MF sites do. Are there expenses that I am missing here? I will have the site fully automated so I don't think I will have someone onsite but will have someone answering incoming calls.
I appreciate any feedback or support in advance.
Regards,
Veeno Suchdeve