Drew Case
Storage Authority Franchise
It's definitely a race to find the next great site. Sometimes its a race against your own plans in life or a race against the competitor. You can thank the "cat show" in Key West for the catchy title. The older man along the docks trains stray cats, now somewhat adopted, to put on a great show involving the cats jumping through hoops and climbing through an obstacle course. He exclaims to the cats, "Take your time... Hurry up" throughout the show. Kind of sounds exactly like looking for land. It can be ongoing and constantly jumping through hoops.
You think its okay to take your time looking, but as soon as you do, you missed the next site that was only briefly on the market. Maybe there was never even a sign, but the next time you drive by...it's a "COMING SOON" sign for the new storage facility being built on the site you wanted. You never know when the next great site becomes available. You need to be on the roads and also approaching people about their property, even if its not for sale.
Too often, you can dedicate too much time to one site in hopes that it will work out, but you haven't even learned the zoning for the property yet. This will wear your down, especially when you find out the site has no chance of ever being approved for self-storage. Don't spend all your energy on one particular site until you have really done your research in the area. There are various tools and methods that can help in your search for the right location for self-storage. Here are a five to consider.
Sign up for several land search websites. Crexi.com is a good start, but there are others to choose from. Set some search parameters based upon your search guidelines. Set the land acreage higher in case a larger parcel seller can consider carving out the space you need. You can select various search details and have listings automatically emailed to you. View the site that was emailed, along with related sites around the area matching your search criteria.
The use of apps or websites to better understand local market rates and competitive dynamics is extremely helpful. StorTrack.com or RadiusPlus.com can really aid to define your search area via various search parameters based upon rates, populations, sq ft per capita, comp locations and more. It is best examine your defined area by a 3 mile radius. You can enlarge or reduce your radius as desired and view the comps indicated on the map. There are many other aspects to these search tools, but these are a few basic aspects. Along with these two, the app Regrid.com can provide you with information on local land owners and property lines, so you can approach the seller and discuss if they would carve out your desired land piece. Have a stack of business hands on hand or in your vehicle. Use these to network and spread the word on your search.
Familiarize yourself with the local zoning maps to determine where self-storage is already approved. This may save you a lot of time and avoid going through a zone change. You can search the local city website as there is often all the information needed to verify zoning readily available. If you need further assistance, contact the city to see of they can help direct you or if they have printed copies available.
Join the local self-storage association and attend meetings. This is a great opportunity to gain contacts for the various steps as you proceed with your site development and future operations. During the associations annual conference, there are various speakers and vendors in attendance. Additionally, there are other owners that may share their experiences that might help make you aware of and limit hardships and aspects to avoid. Being a member provides you contacts and perks throughout the year.
Lastly, review land/national websites for topography, wetlands and 100 -year flood limits & utilities. This will help you avoid a site that may be too costly to adapt to build self storage. This is public information and its available via online. Of course, walking the site is essential if you have further interest.
The use of these various steps can reduce your time spent in qualifying selected sites and also eliminating sites that really will be too costly or simply unavailable to move forward with the development of self-storage. You will want to take your time to ensure you make the right decision going forward, but hurry up, because somebody else might also be searching in the same area and beat you to it. If possible, drive the area as frequently as possible to really get a feel of the area and also develop local contacts that could potentially help you along the way.
Storage Authority's guidance in self-storage development underscores the intricate balance between meeting storage demands and environmental sustainability. By aligning with Storage Authority's principles and leveraging our team's expertise, along with your engineer, architect, and general contractor we can navigate the complexities of impervious coverage with confidence, ensuring the creation of self-storage facilities that are both economically viable and environmentally responsible.
Storage Authority Franchising is all about owning your own local self-storage business, supported by professional systems and expertise. We like to say, "You're in business for yourself but not by yourself." If self-storage is on your mind, don't hesitate to reach out to Drew Case at Direct: 513-582-0125 or Drew@StorageAuthority.com to learn more about the Storage Authority Franchise opportunity. Your self-storage journey awaits!
If you would like to learn more and start your journey to self-storage ownership click the link here:
Your success story begins with Storage Authority!
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