We’re Looking For Partners On Our Next Projects.

At Scott Meyers we’re growing and always looking for our next profitable self storage investments.  If you’re interested in partnering on a project with us, connect with us by clicking the button below to go to our Contact page.  We’re currently looking to work with people who…

  • Have properties that they want to co-develop with us into performing assets
  • Want to participate in self storage projects with us as passive cash partners
  • Want to sell us their property at a fair price

Contact Us Today! ››

Examples Of  Projects We Take On At Scott Meyers

Brownsburg-300x225Indianapolis Enterprise Center – Sold October 2007

Address – 55 South State St, Indianapolis, IN 46201
Units – 500+ Storage, Outdoor Storage, flex space, offices, etc. 187,000 s.f.
Original NOI – $180,000
Improved NOI – Sold October 97
Original Occupancy – 57%
Improved Occupancy – 95%
Purchase Price – $1,500,000
Improved Value – Sold For $3,900,000!

Value Added – Built out 6,000 s.f. of office space, fenced and graveled 3 acres for truck parking, reconfigured cold storage, added multiple flex storage spaces, and approximately $300,000 worth of improvements. Sold and netted over $2 million.


Crawfordsville-300x222Address – 55 South State St, Indianapolis, IN 46201

Units – 500+ Storage, Outdoor Storage, flex space, offices, etc. 187,000 s.f.
Original NOI – $180,000
Improved NOI – Sold October 97
Original Occupancy – 57%
Improved Occupancy – 95%
Purchase Price – $1,500,000
Improved Value – Sold For $3,900,000!

Value Added – Built out 6,000 s.f. of office space, fenced and graveled 3 acres for truck parking, reconfigured cold storage, added multiple flex storage spaces, and approximately $300,000 worth of improvements. Sold and netted over $2 million.


FT.Wayne_-300x225Address – 2130 Research Drive, Fort Wayne, IN 47808

Units – 252 (All Climate Control)
Original NOI – $213,000
Improved NOI – $246,000
Original Occupancy – 83%
Improved Occupancy – 84%
Purchase Price – $2,600,000
Improved Value – $2,800,000

Value Added – We purchased this property from a 1031 exchange out of another mixed use project. Solid property with upside as we continue to push occupancy and rents in addition to reducing rents. Not our standard value add project, but a solid property we plan to keep for many years. Post acquisition, we added a retail component, and business center.


Brownsburg-150x150Address – 650 N. Dale Schrier, Brownsburg, IN 46112

Units – 301 (143 storage, the remaining are parking)
Original NOI – $173,000
Improved NOI – $179,000
Original Occupancy – 89%
Improved Occupancy – 91%
Purchase Price – $1,675,000
Improved Value – $1,900,000

Value Added – Post acquisition, we added a retail component, business center and kiosk. We are currently in the process of obtaining permits to build 50 additional units in 2 separate buildings to meet demand. Value once stabilized at 85% will be roughly $2,400,000 with more room to build.


MuncieAAA-300x225

Address – 206, Muncie, IN 47303

Units – 202
Original NOI – $52,780
Improved NOI – $60,200
Original Occupancy – 67%
Improved Occupancy – 84%
Purchase Price – $600,000 (included additional 1.5 acres valued at $120,000)
Improved Value – $910,000

Value Added – Post acquisition, combined the management with the above Muncie Property and utilized the kiosk. We are exploring the possibility of fencing and gravel on the 1.5 acre parcel that sits between both Muncie properties for Boat/RV parking until occupancy rises at both facilities.


MuncieAirPark-300x221Address – 321 W. Riggin Road, Muncie, IN 47303

Units – 197
Original NOI – $140,000
Improved NOI – $148,000
Original Occupancy – 92%
Improved Occupancy – 96%
Purchase Price – $1,400,000
Improved Value – $1,600,000

Value Added – Post acquisition, we added a retail component, a business center, Call Center, Kiosk, and updated all curb appeal. Completing the construction of 1 new building totaling 55 units on the remaining vacant land, bringing the total value of assembled parcels to roughly $2,100,000 once stabilized at 85% occupancy.


StorageNowFortville-300x225

Address – 1360 East Broadway, Fortville, IN 46040

Units – 292
Original NOI – $123,000
Improved NOI – $141,000
Original Occupancy – 78%
Improved Occupancy – 97%
Purchase Price – $925,000
Improved Value – $1,500,000

Value Added – Post acquisition, we added a retail component, a business center, Call Center, Kiosk, and updated all curb appeal. Just closed on adjacent 3.6 acre parcel with an 8,100 s.f. building to convert to climate control, and will add another 280 units on the remaining vacant land, bringing the total value of assembled parcels to roughly $3,200,000.


Clermont1-300x224Address: 27 Clermont Drive, Cape May Court House NJ, 08210

www.clermontstorage.com
Units – 288
Original NOI –
Improved NOI – (current Lease up)
Original Occupancy – 7%
Current Occupancy – 21%
Purchase Price – $545,000
Projected Value – $1,775,000

Value Add – This facility was a bank foreclosure built in 2007. It never reached an occupancy higher than 10% before going back to the bank during the recession. The goal is to continue to re-market the facility as it has been in foreclosure for 2 years, and raise occupancy to a market level of around 80%.


Contact Us To Learn More About Self Storage Investment Opportunities!

Contact Us Today! ››