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Inside a $20M Kmart Conversion: Self-Storage Investing Experts Walk You Through Key Factors, Obstacles and More

October 19, 2022

There’s a glut of empty big-box stores in the United States just begging for new life. Why not self-storage? A conversion can be a convenient, cost-effective way for a developer to enter a desirable market; however, these projects can come with layers of obstacles. Transforming such massive space can be a huge undertaking, and there are critical factors to consider such as building condition, existing systems, load capacity and so much more. In this video, industry investor AJ Osborne talks to YouTuber Ryan Pineda about his company’s recent $20M Kmart conversion in the Nevada desert, sharing insight to the local market, the large expenses and repairs, risk analysis, and projected facility value. If there’s a conversion in your future, get pointers from these pros to avoid problems that can sink a project.

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