Campbell Self Storage

South Bay
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.

1 Like
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: