Updated almost 6 years ago on . Most recent reply
Generating cash flow from industrial storage
I’ve been reading a book on futures and derivatives.
As I was reading about futures they used examples of things you might write a contract on such as bushels of corn, etc.
Right now oil markets are so flush with supply that storage is a huge issue. I don’t have a tank to store oil, but I do have a fairly large 60 x 60 ft metal building which is weather proofed.
Is there a way I could use this building to generate cash flow as a storage facility of some sort?
It’s a huge open space building so it would not be suitable for divided space for retail storage but it could be stacked quite high with pallets etc.
Just curious if anyone has experience or has seen this done before.
Thanks!
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Sound advice from @Ronald Rohde. What was the property used as before @Jason D. . Industrial in general is a good asset to own, what kind of location is it as well?