Self Storage- 10 days to Close

Sunday, February 21

10 days to Close on Land Helping a friend out purchasing some property and then building storage units on it. Not closed yet, so I won't show you location and Market analysis first. Below is the Layout/Unit analysis, Cost analysis, and then PL and payback analysis. Have 10 days till close.Our sur...


Self Storage- Building Pads

Tuesday, February 16

SELF STORAGE- BUILDING PADSListening to an Allie Sherlock buskering tune at minus 14 degrees, thought I would knock out a post.You liked the post on Driveways, so we will go with Building pads since you’re interested in concrete.Pad specs: Basically however engineered and Building codes designate...


Self Storage- Valuation

Wednesday, February 10

Response to question, “How are Self Storage locations valued?”. I will go with a multiple response answer. Simple answer: If you look out on Loopnet, most Self Storage listings will show Cap rate. Layered answer: I'm just talking about Mom/Pop and not REIT valuations. Most of them list for what t...


Self Storage- Big Hat, Little Cattle, or the Cattle Cycle

Saturday, February 06

"“Build” Self Storage in Texas, California, Oregon and Washington.” One dot means nothing, two dots is a possible trend, three or more dots in the same direction is a trend. Hindsight is always 20/20. You can’t read the future (actually you can, read the Cattle Cycle). Etc, etc. Forget the politi...


Self Storage- So you just died. Did you send your family to Hxxx?

Tuesday, February 02

There was no reason, but the day I hit 30, I realized it was “ME”. Everyone around my family was doing fine, work was great, it was a nice day. Just for some reason, I realized I was the person in charge of my life. Its not like I all of a sudden matured. Paid my way thru college, top of the clas...


Self Storage- Driveways

Wednesday, January 27

Have been plowing snow for the last 2 1/2 days. Was at one of the locations and I cut to deep and got into the driveway base. It was Pea Gravel. This doesn't happen at our other locations where it is either Concrete or crushed rock. So I got to thinking about driveways. It's pretty boring pushing...