All Forum Posts by: Zach Quick

https://tractiq.com/self-storage/ affordable annual plans. The demographics and reporting is extremely detailed and sharp and shows square ft per capita/incomes/etc in 1,2,3,4,5 mile radius depending on how you set it up.

Thank you !!

I should add, the reports you can spit out from it will look great for any bank/partner/etc.

2 Votes

Quote from @Chris Seveney:

Quote from @Robert C.:

Quote from @Jay Hinrichs:

Quote from @Sean Barber:

Quote from @Chris Seveney:

@Sean Barber

So are you saying if you invested $100,000 you will get back $38,000

Will you also owe taxes for any accelerated depreciation that was taken?

Yes, if they sell now they are projecting that for every $100K you invested you’d get $38K back. I’m not exactly sure how depreciation recapture would work when you lose money but I have heard that you’re still taxed. Hopefully someone else more knowledgeable than me can chime in on that.

Not positive but I think you have to recapture it just like any sale.. so if you got 50k write off you will have a 50k taxable gain ???? maybe thats correct not sure but its going to be something if you did take the accelerated write off.

I find it interesting that two realizations seem to finally be happening:

1.) Accelerated depreciation is not really all it’s advertised to be for a lot of folks.

2.) Preferred equity tiers really act more like a secondary debt layer. It pushes down the regular LP’s and increases risk imho.

I do get the latest ads for Fund #11. First fund I have seen where people are experts in self storage, private credit and MHP. Or is this a Fund of Fund model?

Zero dog in the fight but I know they have very experienced people running their self storage division and are buying themselves to my knowledge.

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Quote from @John O'Leary:

Seeking Tired Self Storage Owners: If you're considering stepping back from the demands of managing your self-storage facility, we're interested in talking. Offering competitive buyout options for owners looking to transition or retire. Let's explore a mutually beneficial opportunity.

Looking to buy in Florida or Southeast. Open to Nationwide

Looking for Value Add opportunities

$1 million - $10 Million

15,000 sqft minimum

DM me what you have!

And I'll take the Midwest if anyone else is lurking haha.

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Bought first site in Nebraska in '23(looking for more there) but big snow so far thru January compared to last couple years. Important to have reserves and a reliable snow plow guy on call if you can't do it yourself for sure.

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I have. Are you doing your whole site? How big of a site? It's great when it works, awful when it doesn't.

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Quote from @Andrew Martinez:

We are looking to purchase a self storage property in Mississippi. We are looking for a lender that deals with commercial loans and SBA loans in that state. We are having a hard time finding some. We live in Colorado so we are getting sent to various companies that don't seem like they know too much. Looking for any referrals or ideas to get the process started. Thank you in advance.

If you're looking for SBA via storage then Live Oak and BankFive9 should probably be two of your calls.

1 Vote

Quote from @Mitchell C Johnson:

Hello! I am seeking to acquire a medium (50,000+ SF) value-add self storage facility in the following areas (in preferential order):

1) Woodbury
2) Maple Grove
3) Lakeville
4) Blaine
5) Rochester
6) St Cloud

Ideally, I would like to keep the purchase price under $1 million.

Has anyone worked with a commercial broker that specializes in self-storage in those areas? Thank you in advance!

I'm sure any broker would tell you 50,000 sf+ in MSP isn't likely for under $1m(really anywhere).

0 Votes

Minneapolis, Minnesota

Purchase self-storage.

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All Forum Posts by: Zach Quick

Zach Quick has started 10 posts and replied 745 times.

Post: Self Storage Focused Attorneys

Post: Self storage demand study data?

Post: Self storage demand study data?

Post: Brandon Turner ODC fund

Post: Seeking Tired Self Storage Owners

Post: Self Storage- Snow Ice Removal

Post: Does anyone has experience installing bluetooth lock for self storage units?

Post: Commercial SBA Loans

Post: Self-Storage Broker Referral - Minnesota

Post: Commercial Properties In Virginia