Storage Condominiums

If I were designing a ride for an amusement park, I’d model it around the development of a self-storage condominium project. It’d be a ride customers would never forget! The only problem is the cost of admission—about $8 million—and the ride would last about three years, making even the most seasoned rider shudder. In a nutshell, that’s what I’ve been ...

Long considered a niche market in the self-storage industry, boat and RV storage has emerged as a facility differentiator in crowded markets. High-end sites with amenities designed specifically for boat and RV customers are popping up in strategic locations across the country. Storage owners looking to expand their existing sites are also considering this add-on service. What does it take ...

Owners of expensive recreational vehicles, collectible cars and boats are turning to a relatively new concept in self-storage—condominiums. After shelling out big bucks for a big toy, these owners don’t balk at paying $60,000, $75,000 or even $100,000 for a secure place to keep it. Five storage experts offer their views on this exciting new trend. Wes Pettit, Storage Condo ...

Just about any kind of real estate can be turned into condominiums, including apartments, detached homes, offices, hotels, airport garages and even grain-storage buildings. Vehicle storage is no exception. The storage condo is an emerging niche within the rapidly growing market for RVs and boats. Condo development might be a good business venture to pursue. While its shares the ...

After my recent blog entries regarding storage condos (storage units for sale rather than lease), I'm pleased to share with you the following thoughtful letter, written by Ted Deits. Ted is the president of 20 Seconds and Building, the developers of Eucalyptus at Beaumont (referenced in THIS POST from Dec. 8th). By the way, I still have yet to receive ...