Like any mini-storage business owner, Derrel Ridenour’s success is driven by the needs of his clientèle. With so many of the customers at his Fresno, CA-based Derrel’s Mini Storage (www.derrels.com) looking for custom-sized RV and boat protection, it just wouldn’t be sensible for Derrel to fill every lot with permanent standardized shelters. He wants to be flexible to address the specific coverage needs of his customers. That’s why one of America’s largest mini-storage operators uses VersaTube’s durable, easy-to-assemble steel RV and boat covers.
The shelter package is assembled and finished on site, and can just as easily be reconfigured, should one of Derrel’s customers decide to bring home that “bigger” boat or RV they’ve had their eye on. Plus, the VersaTube® RV and boat cover is classified as a “portable building,” so its cost is depreciated after just seven years. Compare that to the thirty years required for most commercial structures. All this, plus the unparalleled strength, versatility, and patented construction design that only VersaTube® can offer.
Source: Do-It-Yourself Steel Buildings
What a great idea! Never heard of this type of development, but definitely seems like it could be a good fit in Mansfield, as well as other places around Dallas
ReplyDeleteTemendously unique and creative. Is the market "hotter" in the winter with snowbirds and such coming south or is demand fairly stable year round? What facts support the idea that maximum allowable construction costs are higher than will be needed? Any comps from other Projects that support?
ReplyDeleteThe local businesses I spoke with indicated that their occupancy was fairly stable all year, spaces are mostly rented to residents in the area. Good point about the construction costs. I completely forgot to post that information! There wasn't much information for the costs of this kind of development, so I had to look at costs for development of a self-storage site (the enclosed boat parking would be similar to a self-storage facility), which is $20-$25 per sq.ft. Total enclosed area on this site is 2,800 sq.ft. so it might end up being $70,000 on the high end; although a site like this could have gravel drives instead of the traditional concrete paving at self-storage sites. Then I looked at costs for the individual person purchasing a single cover for an RV. For the two sizes of RV covered parking being proposed here, the costs would be about $24,000. Projected development costs would be about $94,000 compared to the max. allowable construction costs of $112,000. Also, if the investor purchased a larger lot, they could develop it in phases, so as not to have high upfront costs. Sources: Trachte Building Systems ; Inside Self-Storage ; G.P.B., Inc. .
Delete