INTRODUCING GARAGE ULTIMATE
DREAM IT. BUILD IT. OWN IT.
We are a community of personal, secure, customizable garages that you purchase rather than lease. Garage Ultimate is much more than storage - it is a place to pursue passions.
Work on, store, and display classic and exotic vehicles
Store inventory, equipment, or files
Safely secure RVs or boats
Build your ultimate Man Cave or hobby shop
GARAGE ULTIMATE WILL BE THE PREMIER GARAGE COMMUNITY WHERE YOU CAN PURSUE YOUR PASSIONS
A garage condo is an investment for today and for the future. Garage owners will enjoy personal, secure, customizable spaces within a community of like-minded enthusiasts. You will frequently find owners in their garages shining the grill of a classic car before heading to a car show, packing up the RV or boat for the next excursion, pulling out the smoker for a cook-off, finishing up the latest woodworking or quilting project, or assembling marketing materials for the week's sales calls. Or you might find them in the Clubhouse, relaxing, spending time with friends, and always willing to share the triumph of the day's accomplishments.
All the while, owners will enjoy the opportunity for capital growth. Owning a garage condo freezes costs at today's rates, and as a commercial real estate investment, offers the potential for appreciation. Owners can even lease out their garage condos for passive income.
Garage Ultimate offers the best of both worlds - an investment that you can actively enjoy.
BENEFITS OF OWNERSHIP
Ownership Makes Sense
A large, fully-enclosed, climate-controlled rented unit, if one could be found, will cost $700 or more per month. A $100,000 unit financed at 5% interest with 20% down and a 20 year amortization will cost only $528 per month, and a significant portion of that is paying down your loan. Even adding in property taxes and POA dues, the actual monthly cost of ownership is less than renting a comparable unit, and owners are also building equity. Plus, if the owner pays cash or pays off his mortgage, there are no more payments to make.
Return On Investment
Once rent is paid, that money is gone forever. But at Garage Ultimate, owners build equity with the principal portion of their mortgage payments and are able to capture any appreciation of the unit. Owners can even lease out their units, allowing them to create a passive income stream with a very low upfront cost.
Customize Your Space
Even if customization were allowed in a rented storage unit, nobody is going to spend money fixing up someone else's investment. With ownership, owners can customize their units by adding mezzanines, bathrooms, flooring, car lifts, filing systems, or almost anything else they can dream up. Moreover, owners can potentially recoup the cost of improvements when they sell their units.
Use Your Space
Unlike most rental facilities, Garage Ultimate will not have restrictions prohibiting owners from working on their cars, boats, RVs, quads, or hobbies. Garage Ultimate will encourage these activities, and will provide ample electrical outlets, plumbing, and the comfort of air conditioning to tinker year round. Owners can store inventory and even a forklift to move their inventory within their units. Owners can even work out of their units and will have the phone, cable, and internet cabling to do so effectively.
Owners become part of a community of people with similar interests. They will also become members of an association that will allow them to participate in management and maintenance decisions regarding the common areas.
Owners can lock in occupancy costs and insulate themselves from rent escalations, a perpetual annoyance at rental facilities.
Unlike most rented storage space, at Garage Ultimate, owners will be able to access their units 24 hours a day, 7 days a week, 365 days a year.
Owners at Garage Ultimate will have an asset on their balance sheets. Ownership may also offer tax benefits such as depreciation and the ability to deduct mortgage interest.