Scott Krone Commercial Deal


Scott Krone Commercial Deal

Coda Management Group in Chicago, IL
Scott Krone with Martin Taradejna and James Lehmann

The building was the original Lincoln Log factory. We found it through a broker, and raised equity and debt for the purchase and repairs. We demolished all the old saw dust collection system both inside the building and on the roof. We removed the boiler, old electrical equipment, and fire suppression system. We installed new parapets, roof, insulation, fenestrations, HVAC, MEP, Fire suppression, flooring, and installed 613 self storage lockers. The facility is now open and run by CubeSmart.

Commercial Details

* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in advanced FortuneBuilders’ training and coaching. The participants shown are not paid for their stories; however, some of the students depicted may also be a FortuneBuilders' coach, and our coaches are compensated for their services. We believe in full transparency, so please read our Earnings and Income Disclaimers and Terms of Use.

Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

We applied the concepts from the commercial academy. We acquired the building below replacement costs, improved the value of the building through a new use to increase the revenue. We retained third party management that specializes in the self storage industry. We have not sold the property, and holding onto it for passive income.