(9 pages of text)
Two partners have converted an abandoned bingo hall into a 40,000 square foot self-storage unit. It appears to be filling up quickly. The father wants to build four or five similar self-storage units each year in the surrounding cities and towns, by converting former factories and supermarkets into self-storage units. The partners want to build one unit each year in order to retain a larger ownership stake and a smaller debt component. In either situation, there are pricing and feasibility issues that must be considered.
Canada, Small, 2004
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