Extra Space Storage - 2010 W Poplar Collierville

Called about outdoor parking spaces 16-July-09. Girl at national call center said they had the following:

8 x 20
8 x 30 $73 per month
8 x 40 $100 per month

I'm not sure I believe that the spaces are really 8 feet wide, but that's what she said.

Extra Space Storage
2010 W Poplar Ave, Collierville, TN
901-853-6002

National Security and Trust

safety deposit box place at Eastgate Shopping Center

Rate of return analysis

You should not include principal repayment when calculating rate of return because that money is being paid out of the money that was given to you by the lender. If you could pay the lender a tiny slice of the building each month instead of principal repay, then at the end of the loan your building would be completely gone. But you would have had a much better cashflow for all of the years of the loan. So consider principal repay the equivalent of giving back a little of the building each month, but since you can't actually do that, you have to pay money. But that money should not be included in expenses because you are getting to keep a tiny slice of the building each month that was not yours before.

Knox Painting Building - Olive Branch

For sale by Jessica Brown (210-3474) at Remax (853-3430). Talked to Teresa who is Jessica's assistant. approx 24,000 total sq ft. 11, 400 office space. Rest (12,600) is warehouse.
realestateinthemidsouth.com. On old 78 near bypass.

Jessica said list price is $994,000 or $41.42 per foot. She said the rent each month is $13,000. I guess she means that that is the amount of rent being currently collected by the owner each month. But one of the tenants may be the owner, so that may be a guesstimate of what you could collect.