Self Storage Facilities ClarkstorageLLC

[Henry Clark]

Investment Info:

Industrial commercial investment investment.

Purchase price: $200,000
Cash invested: $1,600,000

Self Storage build out. Phase 1 230 units. Phase 2 200 more. Phase 3 200 more.

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

Its a Financial business. No plumbing or HVAC to fix. Little Sales effort

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

Purchased ground, then built.

How did you finance this deal?

SBA 504

How did you add value to the deal?

Developed the location.

What was the outcome?

Covid is slowing the occupancy fill rate. Otherwise fine.

Lessons learned? Challenges?

Mother nature always wins. Took two years versus one to develop.

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

Nope