Some of the best opportunities in self storage lie in existing vacant buildings. Converting an existing building into a self storage operation can be a very lucrative proposition. There are a number of issues you need to look at to understand the viability of changing an existing building to self storage. One of the first steps is to figure out if it is financially feasible. Trachte’s conversion calculator allows you to understand the basics of whether the project is financially feasible or not. The calculator will help you answer some basic questions
Simply enter your best guesstimate on development costs, average rent in your market, and estimated square footage in the blue fields. To guide you, we’ve supplied helpful hints for each input field. Just hover your mouse over the field for more details. Contact one of our knowledgeable regional managers for further guidance.