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64 contributions to Small Bay Industrial Basecamp
Intro
Hi everyone - I'm a self-storage and newer small-bay investor in PA and West Texas. I've been in this group for a while but just started reading all the community posts and they're awesome! There is so much great info - thanks for doing this Will! Hope to meet a bunch of you in Houston this week.
0 likes • 9h
Can't wait to meet you in Houston Robert. This group is really reflective of how people in storage operate, which I love.
Thank you for the incredible early growth of Basecamp
I talked through how Basecamp came together with Thaddeus Campbell on Storage Unlocked
1 like • 9h
What a blast Will. I tell you this weekly on the calls, but it's remarkable what you've done. I hoped that Small Bay Flex would resemble the storage industry in the way that people share information with each other openly and that's exactly what you've created in Basecamp. Thanks for taking some time to talk about it on the show!
Water Detention
Has anyone used or encountered underground detention with flex? Curios to hear your experiences if so. Thanks!
2 likes • 3d
@Cary Williams We just finished a project in Greenville, South Carolina. We used underground detention because of the tightness of the site. To get enough square footage to get the economics right it needed underground. That being said it definitely drives up price, so in many markets the rents won't justify the increased cost. Ideally you find a site that is large enough to avoid it, but that's easier said than done. And in some markets the lower cost of the land might allow for some increased construction costs.
Interest Rates
I urge you to be very conservative in your underwriting. Have stress tests on current interest rates for construction debt, LTC ranges and especially what refi rates might look like when you get to a stable asset. Deals die mostly because of a lack of cash to get through short term challenges. With what's going on with 10 year treasuries, Fed, inflation, etc. it's incredibly important you prepare every deal for some challenges in the next couple years. I'd rather pass on something than hand over keys to the bank in 2030 while seeing the equity evaporate. I'm sharing this post in place of @Christen Bryant who would otherwise be saying it, but fortunately is on a much deserved holiday with her husband and kids!
Houston Ride Share / Flex Connect Conference
Hello, I am scheduled to arrive at Houston Intercontinental Airport (IAH) on September 29, 2026, at ~3:15 PM CT. If anyone attending the conference is interested in sharing a ride from the airport to the conference/Sugar Land, TX, please feel free to contact me. Thank you.
2 likes • 10d
I guess I should probably book my flight soon! lol
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Thaddeus Campbell
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