Inside Self-Storage

JUN 2019

Inside Self-Storage (ISS) is an information source for industry owners, managers, developers and investors covering news, trends, facility operation, finance, real estate, construction, development, marketing, technology, insurance and legality.

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Page 43 of 51

Jernigan Capital's Bridge Financing Program is designed to simplify your ownership structure while taking a customized approach to maximizing the value of your self-storage asset. Visit our website and give us a call to see how this program could beneft you. - Non-Recourse - Interest Only - Negotiable LTV - Fixed Interest Rate - Five to Seven Year Term - Efcient Closing Process WWW.JERNIGANCAPITAL.COM 901.567.9536 B R I D G E F I N A N C I N G P R O G R A M Design the Space With other prep work and mechanicals out of the way, the project will finally be ready for the storage units. The mix for a conversion typically consists of smaller units than on traditional projects. While drive-up buildings may include large spaces for storing cars or boats, most conversion units are limited to items that can be carried through a hallway. If clients need more space than your biggest unit, they can rent multiples. Any large units are often placed closest to the entrances or loading bays. Here are some other design considerations and suggestions: • Design an alcove near entrances and loading docks to store moving carts. • Storage units can be accessible by roll-up or swing doors and are available in a range of heights. • Welded wire mesh is typically applied over the top of units. • During the planning process, identify any existing walls that need to be lined with steel. Your hall/partition supplier can provide additional panels to hide any exposed insulation or other surfaces that need to be concealed. • If the project includes a mezzanine, that'll add some complexity. The project will typically include an elevator and a poured- concrete, second-foor deck. Sprinklers are usually needed to cover all levels. • Consider adding a bank of windows facing the street, with roll-up doors behind them. Visible doors will help promote the property, especially at night. The conversion process may sound simple, but there's significant planning and work to carry it through to completion. With the reward of a beautiful new facility in a great location, it's often a great investment. Steve Hajewski is the marketing manager at Trachte Building Systems, which designs, manufactures and erects a full line of pre-engineered and customized steel self-storage systems, including single- and multi-story, portable storage, interior partition and corridor, and canopy boat/ RV. He also owns a self-storage facility in Wisconsin and is a frequent contributor on Self-Storage Talk, the industry's largest online community. For more information, call 800.356.5824; visit Secure Storage in Watertown, Wis., was also created from a former grocery store. 42 ISS I June 2019

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