Friday, May 29, 2020

Self Storage Q7 Overbuilt / Saturated

So a common question I get from multi-family investors is, you know, they feel that self storage is saturated or overbuilt. And I understand where they're coming from with this question. My name is Fernando Angelucci. I'm "The Storage Stud".

Usually the reason I get this question, is because the way that multi-family or single family is measured when it comes to saturation and demand is not similar at all to how self storage is. Self storage is a hyper localized business. Whereas multi-family and single family is a more broader business. So what do I mean by that? Say you lived on the North side of Chicago and you were looking for a new apartment. You're most likely going to look across most of Chicago to find that similar property. When it comes to self storage though, as opposed to looking 15, 20, 25 miles in diameter. With storage, you're looking at a very localized market, a very small trade area. Typically in a large city, your trade area is going to be defined as about a one mile radius from your subject property.

So let's break this down a little bit. When you look at the typical customer of a self storage facility, they're looking for something that is convenient, that is usually on their transportation route, either going to work or going to daycare so they can stop in and out quickly. And it's not going to cause too much of a headache. Someone is not going to go an extra 15 miles out of their way to save an extra five bucks a month. So when people say, you know, or ask, is storage saturated? What my usual question is, what location? What sub-market? Is it this one, three mile radius in the suburbs that is saturated? Is it this one mile radius in the downtown urban area that is saturated? So you can't throw these blanket questions and blanket statements out there, especially for self storage because it's such a hyper localized business.

Again, my name is Fernando Angelucci. If you'd like to learn more about storage, feel free to drop me a line at


Fernando O. Angelucci is Founder and President of Titan Wealth Group. He also leads the firm’s finance and acquisitions departments. Fernando Angelucci and Steven Wear founded Titan Wealth Group in 2015, and under his leadership, the firm’s revenue has grown over 100% year over year. Today,
Find out more at

Titan Wealth Group operates nationwide sourcing off market investment properties for Titan Wealth Group’s acquisition as well as servicing a network of thousands of active real estate investors world wide. Prior to founding Titan Wealth Group, Fernando worked for Dow Chemical, a Fortune 50 company, rolling out a flagship product estimated to gross $1B in global revenues.
With an engineering background, Fernando is able to approach real estate investing with a keen analytical mindset that allows Titan Wealth Group to identify opportunities and project accurate pictures of future performance.
Fernando graduated from the University of Illinois at Urbana-Champaign with a B.A. degree in Technical Systems Management.
Titan Wealth Group was founded in 2015 with the vision of gathering individual investors that have the means to invest but lack either the time to find high-yield investment opportunities or the access to these off-market deals. All too often, founders Fernando Angelucci & Steven Wear came across investors who had deployed their capital only to regret the lack of consistency or degree of returns their investments were producing. In response, Titan Wealth Group provides access to highly-vetted real estate secured investments and off-market acquisition opportunities primarily in the Greater Chicago MSA. Today, Titan Wealth Group not only assists individual investors but has grown to support the acquisition goals and capital deployment of investment groups, private equity firms, and real estate investment trusts (REITs).
As a facilitator of wealth growth, Titan Wealth Group believes that success is not limited to the sum of our efforts and is infinite with what can be accomplished through partnership.
#SelfStorage #RealEstateInvesting #AlternativeFunds

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