Turning Obsolete Buildings Into Climate Controlled Self-Storage

Have you ever thought about turning obsolete buildings into climate controlled self-storage? That subject was tackled in a recent episode of the Rental Property Owner & Real Estate Investor podcast. Host Brian Hamrick interviews Scott Krone, the managing partner of Coda Management Group, a company that teams up with investors to purchase and convert undervalued warehouse space into climate controlled Self-Storage Facilities. Scott explains how the adaptive re-use of commercial space can be turned into an asset class that is very attractive & extremely profitable. He explains the process of converting old warehouse space into self-storage, including his typical costs per sq. ft. for acquisition, construction & soft costs.