Anyone in and around the Cedar Rapids area that invests in self storage? I recently bought a facility outside of CR and looking to hear others experience in the area. What kind of trends have you seen recently? Is demand going up or down?
I haven't in self storage (yet), but there is a facility about ready to be built right next door to my appartments on the NW side of town. I assume the invester that is putting this place up did their research and it told them that there is a demand in that area. Hope that helps some.
Thanks @Austin Davis , Where are your apartments at? I live on the NW side and it seems like self storage is overbuilt but as you say I'm sure they wouldn't be building if there wasn't a demand.
I have 3 4plexes off of Edgewood and Johnson. The self storage place is going to go in right behind Guppys on the Go. It's an open lot right now, but I went and talked to a surveyor that was on the property about a month back and that's what he told me was going in.
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