Dead Retail, Live Returns with Neil Henderson

About this episode

Neil Henderson discusses how Nomad Capital converts vacant big-box retail buildings into climate-controlled storage facilities, highlighting the cost advantages of their model.

Send us Fan Mail Neil Henderson is a general partner and Director of Investor Relations at Nomad Capital, a Wilmington, NC-based private equity firm with a twist on self-storage: they buy vacant big-box retail buildings and convert them into climate-controlled storage facilities. The numbers behind their model are hard to ignore. Ground-up self-storage construction runs $120-130 per square foot and takes nearly three years. Nomad's conversions come in at $60-65 per square foot, acquisition t...

People in this episode

Host: Ed Mathews

Guest: Neil Henderson

Topics covered

• self-storage
• real estate
• investment strategy
• retail conversion
• private equity

Keywords

• self-storage
• real estate investment
• big-box retail
• climate-controlled storage
• Nomad Capital

Mentioned in this episode

Organizations: Nomad Capital

Places: Wilmington, NC

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