Self-storage owner / C&I solar biz dev. Too many irons in the fire. 130k+ square feet acquired to date.
Aug 24, 2022 • 12 tweets • 3 min read
Alright you animals let’s do a deal break down. We closed on our 2nd storage facility ~30 days ago. Here’s why we bought it:
This property is in a higher population/income area compared to our 1st deal and most every other deal we look at. Total SF 12,400 (77 storage units, 1 commercial space). PP: $506,000 ($40.80/sf)
Dec 5, 2021 • 11 tweets • 4 min read
Two days ago we closed on our first self storage property. Here’s why we bought this deal & why we want to buy as many as we can in the next few years 👇
Self storage facilities in rural markets are dinosaur businesses. Paper ledgers, fax machines, no software or revenue mgmt, and lots of handshake deals. This presents an opportunity for high upside with proper mgmt.
