Temporary storage facility on leased or optioned land
Lease or rent-to-own inexpensive raw land, place portable storage units on it, rent those units to customers, and buy the property only after the storage model has been proven.
From Chris Koerner on The Koerner Office Podcast — I Did Something Insane. Here Are the Businesses I Found in It at 26:03
Problem: Traditional storage development requires buying land and constructing a facility before demand is proven; portable units reduce the initial commitment and can be resold if the site fails.
For: People and businesses needing storage, particularly in locations with highway visibility and access.
Products from this video
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Examples
- An unnamed Canadian operator: leases or rent-to-owns highway land, places portable storage units on approximately five acres, and has reportedly had the model work each time.