Posted by Eric C on May 10, 2000 at 12:08:50:
Hi Jonathan -
Thanks for the information. I used to have a subscription to the self-storage mag, but let it expire when I sold my last project.
In our area, there is still room for more self-storage facilities, but it is definitely becoming more and more of a business, rather than just a straight rental facility.
Because the cost of entry into this business is so low, I have my doubts about any project that isn’t developed entirely on it’s merits, rather than the wishes (dreams) of it’s owners.
In any case, I want to develop a medium to large set of units somewhere in the Central Texas area. Primarily, this would be used as a first excursion into a new location for me. My plans are to build a facility large enough to sell out to the majors should I wish to do so.
In the case of the last set of these, I held them for slightly longer than ten years. They were one of the best investments I ever made.
Thanks again for your help and insights. I’m sure that I’ll post you again.