Updated ### Exported from Taskmaster mini storage software

Stor-UR
Stor-UR-Stuff Storage
Region: CURRENT RENT ROLL 6101 Truck Village Drive
Group: as of: Jan 6 2005 Mount Shasta, CA 96067
An asterick (*) indicates new unit addition added between 2003-2004
** S T O R A G E R E N T S **
Total Occupied Avail Vacant Resv. Sched
UNIT SIZE SQFT Units Rented Sqft Units SqFt % Units Disc Rate Rent NOTES:
*8x14 112 2 1 112 1 112 0 0 53 106 one in horse area.used for hay
*8x20 160 7 7 1,120 0 0 0 0 72 504 Price increase due in Mar.
*8x40 320 4 4 1,280 0 0 1 0 125 500 one reserved.remove snow
*8x5 40 2 1 40 1 40 0 0 25 50 1 unit in horse area-needs door
10x10 Port. 100 4 4 400 0 0 0 4 48 192 facility using one
*10x15 150 4 4 600 0 0 0 2 68 272 New units-were added in 2003
*10x20 200 10 10 2,000 0 0 0 4 85 850 New units-were added in 2003
11x25 275 10 10 2,750 0 0 1 4 125 1,250 extra tall units
5x10 50 69 67 3,350 2 100 0 13 35 2,415 *facility using a few for hay storage
10x10 100 6 6 600 0 0 0 5 50 300 New units-were added in 2003
10x24 240 5 5 1,200 0 0 0 3 95 475 good size. Always rented
5x12 60 20 19 1,140 1 60 0 9 40 800 facility using 1
5x10-Weekly rental ---- ---- ---- ---- ---- ---- ---- TBD weekly rentals. Setting up
*Lockers NEW 30 0 n/a 30 n/a 0 0 10 300 17" deep x 11" wide.need adv.
TOTAL 1807 173 138 249,366 5 312 2 44 ------- 8,014
More storage units could be added along side the the second driveway. Cargo containers would be the easiest and
most cost effective way to go. Another 10 more 8x20's container could be added. These are due for a price increase to 72.00/mo. This would add another 720.00/mo
OUTSIDE PARKING - current income
Auto Park 4 4 n/a 0 0 0 3 45 180
RV Park 1 1 n/a 0 0 0 1 45 45
Current Gross Income: 225
Notes on Vechicle Parking:
There is a large need for vehicle storage. I haven't taken in vehicles, however there is enough room for approximately 8-10 vehicles behind facility.
The vehicles that are here have been here for for years. When purchased - there were approx 15 vehicles stored here.
I don't market or accept vehicle storage, other than what is already here, but, the new owner can. The spaces will rent for $45.00-$50.00/mo.
Additional income=$500.00/mo. If the property next door were purchased-lots of rv spots could be added

Storage Unit Scheduled Rents: 8,014 Income Notes:

Additional Projected Income: Actual Gross income for 2004 was less than scheduled &
Vehicle Storage: 500 Past income is "irrelevant" because of the following:
Cargo Containers 720 1. Previous Owner books were unorganized & were below
*Weekly storage Rentals *setting up 18.50/wk "industry standard".*Rental rates being adjusted in 2001-2003.
*Package acceptance *5/.00ea package accepted 2. Storage buildings were still being added 2001-2004
*Storage Lockers-NEW *need advertising. incl above 3. Prior year "prepaids" are reflected in 2002-2003 Gross Inc.
U-Haul 2,000 4. Apartments not rented out the entire year, nor were all
*U-Haul Service Repairs 55-75/hour 2 hr mi 600 completed. Rent was "traded" on 1br apt & mobile home.
Cargo Containers 1,000 3. Studio not completed until Sept. 2004. rented Sept 2004
Rental Income-houses/apt 3,250 4. Owner occupying main home. Will rent for 1500-1800/mo
Additional Projected Monthly Income: 8,070 5. Bad management the first part of 2004
The astericked are not added into projected income) 6. Storage income averaged 7000-10,000 after June 2004.
7. We had a service contract w/ U-Haul in 2002-2003. good potential $$
- RENT INCOME - I did not fill out the dealer form for 2004 because of other projects.
House/Apt Rental Income: MONTH YEAR
Caretaker's Apt rented 600 7,200
Studio rented 700 8,400
Trailer *mgr using 450 5,400
House (1500-1800/month) Owner amt. avg 1,500 18,000
Total Rental Income 3,250 39,000

*** R E C A P *** Projected Income MONTH YEAR

Based on Performa
Storage Scheduled Rents: 8,014 96168
Vehicle Storage: (50/mo x 10 spaces) 500 6000
Apartment/house Rental Income 3250 39000
Added Cargo Containers (once added) (10x72) 720 8640 can ad 10 more 8x20 or 5 8x40's down second driveway
U-Haul Truck Rentals (based on past income) 2000 24000 (based on 6 years past history) U-Haul operated 4 mos 2004
U-Haul Service Calls @ 55/hr x 2 hr min (6/mo) 660 7920 (this is a LOW projection)
Cargo Container Sales & Rentals 1000 12000 (based on history-low projection)
Storage Lockers 30 x 10/ea=300 17" x11" 300 3600
Package Acceptance (5.00/ea package) TBD TBD 5.00/ea package. adding mailing, packing, &office services
Lock & Supply Sales 25 300
TOTAL PROJECTED INCOME: 16,469 197,628 CAP
Less Expenses: Operating 2083 25000
Payroll (if not owner operated) 1200 14400 *have done "Trade" for living quarters instead of payroll
NET INCOME: - Based on Performa 13,186 158,228 11.7206
Note:
The "onsite" portable cargo container storage would do very well in this area as there is a need for this type of service. 3 programs
being structured. 1) Cargo sale, 2) Lease, 3) rent to own & 50% buy-back program. Many inquires for containers throughout the US
PAST PERFOMANCE YTD
ACTUAL INCOME - 2004: 2005 2004 2003 NOTES - each category
Storage Rents:avg rents 7219 based on last 6 mo 76776.01 62493 2003-new units being built. Rents below avg
Vehicle Storage: (50/mo x 10 spaces) 2700 5400 15-20 cars were here previously. I reduced this
Apartment/house Rental Income (1br apt+mobile) 12600 5000 Does not include income for Home or studio
U-Haul Truck Rentals (2 mo data) Gross was appx 10,000 2247 0 Gross per year-appx 100,000. Net 24k minimum.
U-Haul Service Calls (Jan-Feb 2003) 0 1605.09 55-75/hr w/2hr min. could NET 5-10k.mo on repairs!!
Cargo Container Sales & Rentals 0 15198 currently on hold due to the war. Will stabilize in 2005
Storage Lockers 30 x 10/ea=300 0 0 Good for promos. Can be combined w/pack accept
Package Acceptance (5.00/ea package) 385 235 lockers & pack acc.need marketing. 2-4-1promo's
Lock & Supply Sales 350 275 Can add boxes & packing services
*Auction Income stuff left behind & auction income 5000 3000 Items left here & auctions for unpaid rents. Estimated
Total Actual Gross Income: 100058 93206
Other Notes: In 2004 we started taking security deposits. In addition, there is a 10.00 non-refundable "setup" fee. Deposits are "equal"
to the rent amount. Less than 25% are refunded due to the 30 day notice requirement. Deposits will "increase" the income by min.10k/yr

ACTUAL EXPENSES: 2004 2003 NOTES - expenses & income

Payroll/Subcontractor Wages (include improvements) 1,981 1,075 Some expenses include owners personal expenses
Insurance 1,219 1,584 for home next door. Some expenses are a "one time"
Advertising 4,477 2,536 expense due to capitol improvements. Non-recurring
Telephone 840 871
Repairs & Maint 282 2,635
Property Taxes 3,898 3,896
Electric 1,023 1,000
Accounting 635 350
Office Supplies * includes personal supplies @home 1,457 860
Operating supplies 294 1,226
Trash 482 726
Postage 282 348
Snow Removal (2003-subcontractors*plow purchased 387 0
License & Permits - business license 66 66
Internet Access - Satellite-2004 dialup @15/mo in 2003 448 180

Total Actual Busines Expenses 17,771 17,354

NET INC 82,287 75,853

Home & Studio @ B882200/mo 26400 26400
108,687 102,253
Adjusted Cap Rate 8.050904 7.57427