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Storage condo
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Also known as a Storage Condominium , is a building constructed similar to a self storage facility or warehouse facility in which each unit is turned into a condominium and sold individually. Storage Condos are storage units purchased and owned individually with a fee simple interest. Although this concept of condoizing storage units has been around for years, the construction of these storage condos has rapidly increased since 2000. Benefits * possible real estate appreciation * may be able to participate in all real estate tax benefits * possible cash flow * asset ownership * garage away from home History It is not known who was the first to construct a storage condo but units have been condoized since the late 1980s. In the mid 2000s the construction of storage condo complexes escalated. With the self storage industry having 2.2 billion square feet of facility constructed in its 35 year history, the storage condo industry is in its infancy with only a limited number of storage condo projects in each state. 
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