Campbell Self Storage


#1

Didn’t tell what the price is. If you signed the NDA you can download the rent roll. It does make a lot of money. Public Storage is managing the property, not owner of the real estate.

Price must be pretty high… :thinking:


#2

Great location, very old building…probably needs to be rebuilt…probably worth $8m…but may cost $2m to rebuilt.
41ksf net rentable space called out even though they say 7852sf


#3

elt1,

Is it worthwhile for 10 of us to put in $1mil each to form a LLC to buy, rebuild and rent out this facility?


#4

“crunches numbers”… nope. illiquidity problems.


#5

@hanera, did you already crunch the pro forma? No desire to set up an account to view information.


#6

No


#7

Looks like comps are about $2.50/m rent per sq foot…$100k/m
Probably want more than $12m…too rich for me…


#8

elt1,

Thanks.

manch,

Keep looking :scream: