Mini storage buildings are a great recession-proof option for passive income, making them popular with people who want to bring in more without much risk. By providing businesses with cost-effective storage options, self-storage buildings are seeing a great deal of demand. Because engineered components are prefabricated for fast, easy assembly, self-storage kits and mini storage kits are an inexpensive investment.
With annual ROI averaging 17.43% over the past 25 years, mini storage buildings surpass retail, restaurants, and apartments for income. At the same time, they require significantly lower occupancy rates of 40-45% on average, even while average occupancy is around 87.4%. This makes it a great passive income option for retirees and entrepreneurs.
Created from strong galvanized steel, mini storage buildings deliver many years of solid, reliable service. Many upgrades are available to add durability in high-impact areas, such as wind-resistant overhead doors.
Self-storage buildings are used in a wide range of industries, from agriculture to aerospace to attorney document storage. They also work well across a range of sizes, from homeowners to mega-corporations.
Because the structures are designed to be part of a kit, they’re intentionally simple to put together. This allows options for assembly by the owners themselves or a minimal work crew.
If you’re not sure what size you’ll need in the future, your building can be purchased with expansion in mind. This makes it simple to expand when the time is right.
Why is galvanized steel the industry standard for self-storage buildings? Because it’s strong, durable, and resistant to corrosion. Using top-quality American steel helps ensure a long, reliable lifespan for your structure.
As real estate prices fluctuate, so have the options for self-storage buildings floor plans. In areas where land is inexpensive, single-story floor plans provide economical options for getting your self-storage building in operation. In urban areas where land is at a premium, multi-story floor plans allow you to increase the number of storage spaces on your property, increasing your profitability. Single level floor plans also provide easy access to different areas of the building without the need for a lift, while a multi-level approach allows you to pack as much storage as possible into the same building footprint. In addition, a climate-controlled storage building requires specific features to allow them to be run profitably, including interior hallways, a higher level of utility infrastructure and more insulation.
There are a number of factors that impact the cost of self-storage buildings. What size is the structure? Generally speaking, when working with common sizes and regular shapes, the larger the building, the lower the cost per square foot. How high is the price of steel? As a tradable commodity, steel prices fluctuate frequently. What do your local codes require for loads? Higher structural strength requires more material. How many entryways do you have in the structure? Each of these openings increases the amount and cost of the framing. Are you adding insulation to improve energy efficiency? The higher initial cost comes back as lower utility expenses. All of these factors impact your cost.
For the highest-quality self-storage buildings, Storage Building Central’s reputation for amazing service, over two decades of experience, and fast nationwide delivery make it the obvious choice. If you’re ready to get started, contact our experts today on +1 (844) 315-3151 to explore your options?