Depending on the building, The number of units, And how many bedrooms in the building, The size of the tenant storage lockers can vary. A studio or 1 bedroom, (1 person) unit may be fine with a two tier unit. larger units can have larger lockers if the space allows. An experienced Tenant Storage Locker company can help you design the best suited tenant storage Locker room. good ones provide a complimentary, on-site layout, They will help you with code compliance, Drawings, Turnkey Installations and Lifetime Warranties.
Experienced companies also know what neighboring buildings charge as a rental rate for Tenant Storage Rental Lockers. Typically the average tenant storage locker rents in Manhattan from $90.-$125. per month. The R.O.I is typically less than one year. a building with 40 Tenant Storage Lockers can generate $60,000. per year in maintenance free revenue, provided the supplier provides a Lifetime Warranty on the lockers and installation.
Other Tenant Storage Locker companies will off Free Tenant Storage Lockers and give the building 25% of the revenue generated from the locker rentals. Typically the rental rates for this program is higher to the tenants. The revenue also declines drasitically compared to Buying Lockers and renting them out. In this situation the building would make 15K instead of 60K per year based on the above example. After a certain amount of years the company ususally wants the buildings board to buy the lockers,
To buy or lease - purchase it really is up to the financial condition of the building. If the units can be purchased up front. The buildings revenue is a sound choice.
Developers also offer to sell tenant storage lockers at a one time selling price. This occurs in new buildings or conversions.
Hopefully you have gained some good information to start your project.
Gales Industrial Supply
Proudly serving the 5 boroughs since 1938, Bike Room & Tenant Storage Solutions
P(732)489-3867
How to Buy Tenant Storage Lockers
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