Industrial to storage conversion first time doing so
Anyone here have any experience converting an old industrial to a self storage and the costs for build out as well as the space loss? Any other information would be helpful as well, this will be my first one.
[{"id": "hx7vpfi", "text": "The walkways cost you space and it depends on the size of the units. You also need to take into account insulation costs if you are climate controlling it.", "replies": [{"id": "hx83pyc", "text": "Yeah I figured that. Is there a rule of thumb about how must waste space and cost per foot to build out", "replies": [{"id": "hx914zc", "text": "Right now with how things are, nope. I would say take whatever quotes you get and throw them away. Material prices are just all over the place.", "replies": [], "depth": 3}, {"id": "hxkornw", "text": "Loss factor*\n\nYou build that into you rent anyway.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hxewjg4", "text": "why the hell would you move away from industrial in this market. \n\ni get moving away from office, but also talk to at least 3 contractors who do self storage development", "replies": [{"id": "hxl7y6h", "text": "The market the building is in is saturated with industrial and only has 4sf/person in storage units", "replies": [], "depth": 2}], "depth": 1}]