Self Storage- Build Now or Wait Two Years?
Saturday, January 08
Self Storage- Build now or Wait Two Years? We are 100% full at all of our locations. Have extra ground we can build about 500 more drive up, metal units on. Trying to decide whether to Build now or Wait Two years. Prices for erected buildings have gone up about 40% in the last 1 ½ years. Steel pr...
Clarkstoragellc 2021 wrap up
Friday, December 24
We have had three primary CRE project types this year. Our normal Self Storage, House Subdivision and Teak Plantation projects. 1. CBRR location- we have this new location completed. Waiting on City Occupancy inspection and finish installing security cameras. This project ended up costing sign...
Self Storage- CAP rate and/or Value Add
Tuesday, December 21
Was on another post and cap rate was really being discussed heavily, in terms of how many good deals are not out there, due to Cap Rate compression. If an REI investment arena was to ever use Cap Rate it would be self storage. But we don't use it. We analyze deals based on an 8 to 12 year payback...
Self Storage- Rate management
Monday, October 18
Made a rate management change going into Fall/Winter. We are in Iowa, around December through mid April, new rentals pretty well shut down due to the weather. One of our new locations is in a competitive market and a new location built about 1 mile away. They have been offering 4 months free, ...
Self Storage- What is the best City in the US to invest in?
Friday, October 08
We have 8 locations in 5 towns/cities. We use a 40 mile radius in which to build or buy. So I have never wondered what town/city was the best in the US to invest in, all this time. Helping some folks out, I named a few. Later thought I didn't really give them any affirmable information. Bein...
Self Storage- Is now a Good time to invest?
Friday, October 08
Is now a good time to invest in Self Storage, looks like it is saturated? I will get this question every once in a while. Like any Real Estate investor, my canned answer; what do the numbers say? "Any time is a good time to buy or build." The last person that asked me, who is in Real Estate, s...