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Self Storage Conversions

  • 1.  Self Storage Conversions

    Posted 03-09-2021 09:16 AM
    Edited by Chris Martin 03-09-2021 09:16 AM
    Is anyone out there currently converting an existing structure into self-storage? If so, I would love to hear about it. I have always enjoyed sharing ideas on the topic.
    Chris
    Interior Hallway


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    Chris Martin
    Ideal Self Storage
    Waco TX
    (254) 772-8747
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  • 2.  RE: Self Storage Conversions

    Posted 03-10-2021 07:09 AM
    Hey Chris, I have a question. If you were purchasing a facility that was a conversion what are the main things you would look at?

    Jeanne Dube
    Solid Ground Storage
    505 W US HWY 290
    Elgin, Tx 78621




  • 3.  RE: Self Storage Conversions

    Posted 03-10-2021 07:43 AM

    Jeanne,
    Great question.

    I would primarily look for a few key factors-

    Location/Visibility
    Gross Sq ft over 40,000 (preferably larger)
    Entitlement/Zoning
    CAPEX

    Every conversion is different, and it's like putting a puzzle together.



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    Chris Martin
    Ideal Self Storage
    Waco TX
    (254) 772-8747
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  • 4.  RE: Self Storage Conversions

    Posted 03-10-2021 08:24 AM
    Thanks Chris!!

    Jeanne Dube
    Solid Ground Storage
    505 W US HWY 290
    Elgin, Tx 78621




  • 5.  RE: Self Storage Conversions

    Posted 25 days ago
    Devon is doing multiple conversions currently. Looking at old Kmarts, Sams Clubs, Sears, etc.

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    Raheem Amer
    SVP - Operations
    Devon Self Storage Holdings (US) LLC
    Frisco TX
    (630) 660-2637
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