Global storage options offer scalable, adaptable, reusable buildings designed for the changing needs of today’s marketplace. Fiber Reinforced Composite Shelters are built to last
- Can be configured to offer spaces from 70 sq. ft. to 1500 sq. ft.
- Standalone buildings can easily be divided into 2 or 4 rental units Floor space area is dependent on building size, with each unit being ¼ of the total of 800 to 2000 sq. ft.
- More complex layouts can be created with interior doors and storage units of 70 and 140 sq. ft. with utilization rates of 75%. With modular construction in 7’ x 26’ sections it is possible to configure the building to the marketplace. In addition, it is possible to start a project with 30 or 40 rental units and add more as full occupancy is achieved.
- Current self-storage rates vary from$12.00 per sq. ft. for larger units over 200 sq. ft. up to $20.00 per sq. ft. for smaller units at 70 to 100 sq. ft.
- With projected costs to build and land included, it is expected that capital costs will be in the $60 to $80 per sq. ft. allowing for a high ROI and rapid break-even
Traditional materials have gone into the construction of more than 2 billion sq. ft. of storage across North America
The growth of self storage space has been steady and is expected to continue
The entry of plastics and modern building materials will reduce costs and change the look and uses of self storage
Steel construction standards have changed very little over the last 40 years.
Concrete buildings made inroads. Standard cinder block units are expensive and slow to build. Tilt up requires large upfront expenditures and is difficult to change once built
→ Flexible Investment Options for both land and buildings.
→Financing and Project Funding
→Industry Specific Lenders
→Passive Investors
→Joint Venture Partners
→Banks, Credit Unions, Trusts
Current Steel Structure RV and Boat Storage
Constructing a single basic canopy unit, one that doesn’t include secure housing around the RV or boat, will cost around $20 USD per square foot. While the exact costs will vary depending on the materials used and the area where you live, you should count on spending at least this much. Enclosed spaces cost even more per unit. Other costs associated with building new storage include security cameras, alarm systems, landscaping, permit fees and payroll overhead for hiring and training. Courtesy of Mako Steel blog http://www.makosteel.com
The GHS Structures Self Storage Market Introduction
The Self Storage industry is one of the most stable businesses in North America with long term failure rates of less than 5% over the last 40 years. As part of the GHS Market research, we examined several industries and found that the GHS structures offered a strong mix of features that could lead to success in this market:
- The buildings are inexpensive yet offer strength, durability, and a clean look with low maintenance.
- The structures are easy to assemble, requiring no heavy equipment and typically a 3 person team can put up 500 sq. ft. or more per day with the assistance of a bucket truck, Hiab, or small backhoe
- The structures are expandable and easily adapted to meet demand.
- Typically a business can start with a few buildings, and continue to add more as the business grows allowing revenue to finance growth and keeping the financing to a minimum.
- Interior building heights can be increased by placing the buildings up on pony walls, concrete blocks, or even marine containers to offer storage space for heavy equipment and large trucks.
- Very attractive financing is available from a Self Storage industry Bank that will lend to Self Storage facility owners for expansion and additional locations as long as the first one is profitable.
Rental rates in the Self Storage industry vary by region, but in the interior of BC smaller units are renting for $20 to $33 per square foot, and as the units get larger, rates decline with 200+ square foot units typically renting for $10 to $13 per square foot.
Demand is good, with waiting list for some sizes in all major centres in the Southern Interior.