All Forum Posts by: Zach Quick

@Alexander Szikla it's based on the income and location/product. But generally speaking probably 5-6.5 CAP Id assume if it's truly class B in NJ.

@Michael Patti I'd get a feasibility study too if you're serious about it. I don't know what cold storage leases for but I know it's on fire too, maybe paying a consultant in that industry as well to see what the going rate and costs may be.

@Michael Patti wouldn’t cold storage require some pretty serious equipment in order to pass muster/regulations?

@Jennifer Schelkopf +1 on anything @Ryan Blackstone or @Henry Washington say on NWA.

Personally, own a couple storage facilities in NWA with anticipation for more, and relocated here about 5 months ago and plan on buying a home in the spring/summer of ‘21.

@Henry Clark what did you come in at all included minus the land on this one?

@Ryan Alexander

Complete the buy side of my 1031 exchange into self-storage facility in OKC.

Sell and 1031 a different facility in Spring.

Cash-out refi a different facility in Summer/Fall.

Buy more and manage better :)

@Elan Adler it is listed and you are looking for a buy-side agent?

@Trever Nicoll My understanding is yes as long as any LP's are well below 20% of equity, and the GP has enough skin and/or other collateral worth at least 20% of the loan. Hope that makes sense. I've done a SBA self-storage loan, however it wasn't syndicated, and the person that I'm pretty certain has done a syndicated SBA is pretty experienced so you might take that into account.

I'd probably reach out to @Terry Campbell to discuss the deal/options, I'm sure he can tell you yay or nay.

@Bernie Neyer you should chat with @Tyler Casey regarding your Pittsburg action.

@Mark Fries I’m not nearby but own facilities in Midwest, so be glad to help look at anything, partnering or not.