The Self Storage Business Waterville ME
Self Storage facilities are real property designed and used for the purpose of renting or leasing individual storage spaces to tenants who are to have access to such space for the purpose of storing and removing personal property. They offer rental on a month-to-month basis of individual spaces where customers provide their own lock and have sole access to their space.
Folsom Realty
(207) 695-3766
21 Moosehead Lake Rd
Greenville, ME
Marr Realty
(207) 781-9001
366 US Route 1
Falmouth, ME
Dana Warp Mill Llc
(207) 857-9046
72 Bridge St
Westbrook, ME
Coyne Commercial Brokers
(207) 842-6200
3 Canal Plz
Portland, ME
Bonny Eagle Associates
(207) 727-3700
RR 35
Buxton, ME
S & K Partners
(207) 856-1245
942 Main St
Westbrook, ME
Prudential Prime Properties Bay Realty the
(207) 282-7552
445 Main St
Saco, ME
East Brown Cow Management
(207) 775-2252
100 Commercial St Ste 100
Portland, ME
W R E Commercial Brokers
(207) 797-0399
380 Warren Ave
Portland, ME
Bois Real Estate Agcy
(207) 487-5505
197 Main St
Pittsfield, ME
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.
Self Storage Association Definition: Self Storage facilities are real property designed and used for the purpose of renting or leasing individual storage spaces to tenants who are to have access to such space for the purpose of storing and removing personal property. They offer rental on a month-to-month basis of individual spaces where customers provide their own lock and have sole access to their space. Today's typical storage facility may comprise several one or two-story buildings on two to six acres of land, or a multiple-story building, containing a carefully designed unit mix of spaces. The units typically range in size from 5X5 to 10X30 feet with 30,000 to 120,000 total rentable square feet of space. Self storage facilities frequently feature large roll-up doors and drive up access to outside spaces and offer outside parking for storage of boats and recreational vehicles, which often can't be stored in residential communities. Today's facilities normally have the following features: - Contain 10,000 to over 100,000 rentable sq. ft.
- Offer a wide range of unit sizes
- 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
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... |
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