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Turning Empty Big Box Stores Into Drive Through Self Storage with David Pelusio
A vacant big box store may look like a problem. David Pelusio sees the shell of a drive through self storage facility.
David and his team buy large former retail properties and convert them into climate controlled storage. Customers can drive into the building, park beside their storage area, and unload without dealing with the weather.
But the storage conversion is only part of the opportunity.
David explains why his team likes shopping centers with separate out parcels. They can subdivide those parcels, creating different choices for selling, holding, or refinancing pieces of the property…
The skinny
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