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Reply to "If you own a storage business, what’s it like?"
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[quote=Anonymous]I have owned storage as an asset class. Today I am mostly In strip malls and single tenant retail and industrial properties. Self storage was a great asset class, but I think that today the cap rates are too low (I sold when I was being offered ridiculously low cap rates). It’s a penny business meaning that your cost are fixed so one you hit profitability anything you can add directly increases your bottom line. Moving trucks, propane, tie air and vending machines. [/quote]
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