This is What We Built
Flagship Facility
Wilmington / Leland, NC
Operational since early 2023, this site is our proving ground for new products and operating practices. It currently supports ~40 small businesses across 16 industries with a mix of powered workspaces, cold-chain capacity, flex units, and varied lease terms.
Facility Placement
Ideally located near growing middle class homes.
Located within 1 mile of a super stores and DIY stores in order to attract retail customers for parking and contractors for business (containers & parking).
Uses second tear land to drive accessibility while optimizing for cost.
Within 15 minutes of a large metropolitan area.
Synergistically located near traditional mini storage competitors targeted at retail customers.
Facility & Brand Layout
Ideally located near growing middle class homes.
Located within 1 mile of a super stores and DIY stores in order to attract retail customers for parking and contractors for business (containers & parking).
Uses second tear land to drive accessibility while optimizing for cost.
Within 15 minutes of a large metropolitan area.
Synergistically located near traditional mini storage competitors targeted at retail customers.
Hyper-diversified, Economically Unsinkable
Tenant Demographic & Industry Diversification
Facility Facts
| Size | 4 Acres |
|---|---|
| Rentable Units | 60 Parking, 13 Buildings |
| Parking Opened | April 2023 |
| Buildings | 1991, renovated in 2023 |
| Staff | 1 part time, 1 part time remote |
Economic Facts
| Gross Revenue | $460K (annual, gross) |
|---|---|
| Largest Tenant Concentration | 8% |
| Average Tenant Concentration | ≈ 1% |
| Average Tenant Duration | 8 months |
| Purpose Mix (by count) | Business 50% / Recreational 50% |
Key Takeaway
Launching our first facility was a major challenge, requiring us to overcome zoning barriers and initial skepticism. In the process, we developed new technologies and innovative designs, establishing a robust capability to design, engineer, and build advanced sites.
Our approach is scalable and adaptable worldwide, with technology serving as a unified backbone for proactive monitoring and management at each location.