The Self Storage Business Montrose CO

With broad demand from residential and commercial customers, short construction times, simply designed structures and low overhead, self storage facilities are highly attractive real estate investments with significant upside potential. At the same time, while demand for self storage facilities is high, competition in the industry is increasing, and operators should carefully consider adopting alternative strategies and additional services to attract potential customers. See the following article from REIClub for more on this.

• Contain 10,000 to over 100,000 rentable sq. ft.

• Offer a wide range of unit sizes

• Are well lighted

• Are paved vs. graveled 

• Have storage units divided by steel, movable panels 

• May have some or all of their spaces climate controlled 

• Contain high-tech security systems, including electronic access, cameras, and digital video recording

• Have perimeters that are walled or fenced with security gates

• May or may not have a resident manager

• Have single or multi-story buildings

• Provide carts and dollies for use by its customers

• May contain movable storage modules

• Sell storage and moving related supplies

• Provide ancillary retail services and products.

From the real estate perspective, self storage:

• Meets the needs of several consumer groups (residential & commercial)

• Uses simplified structures

•  Makes efficient use of land, especially odd shaped parcels in less desirable locations

• Has short construction time, thereby providing little traffic disruption

• Uses very little energy!

History

The conventional concept of personal storage began in England when British banks were asked to safeguard valuables for clients embarking on extended voyages. Overcrowded vaults quickly forced them to seek storage lofts from drayage companies (the first moving companies). The first mini-warehouses for h...