I partnered with Sterling to acquire a underperforming project in Port St. Lucie. Sterling had the skill to bring the project into peak performance quickly. We sold the project in 2002 and earned a handsome ROI together.
In 1994, my company partnered with Sterling to develop a full-service record storage center, Sterling Records Management, Inc. My partners and I feel that Sterling principals are outstanding business people, and our relationship has proven to be extremely profitable, even beyond our greatest expectations.
Since the inception of Storage King, Sterling Management has been an invaluable asset. Their expertise in the storage industry has been key to the success we have experienced and their diverse and creative way of thinking has helped us through the economic decline.
Iâ€™ve done business with Sterling principals since 1984, and partnered with them on several projects since 1997. Three words say it all: Trustworthy, Smart, Results.
I hired Sterling to open our 80T sq. ft. project in Seattle in 1996. They achieved stabilized occupancy within a year, and have since maintained in excess of 90% occupancy even in the most of difficult economic times. We are now expanding and trust Sterling to achieve the same results. We are also developing a new site and will look to Sterling's leadership to achieve RESULTS. I trust Sterling.
Sterling managed six self-storage projects my partners and I acquiried through bankruptcy in the late 1980's. Sterling took 40% non-performing projects and turned them into 95%+ profit centers within one year. Sterling ran the projects for 6 years until we sold them. Sterling not only made us money in all of these projects, they achieved results far beyond our wildest expectations.
Since 1996, Sterling has delivered 90+ percent occupancy rates at both our mini-storage facilities, despite severe economic challenges of the 2010+ era. They also did the feasibility study, start-up, and fill-up within one year of our latest project.
As a recreational property management company, Sterling Management has operated Chula Vista Marina and Chula Vista RV Resort since 1984.
Chula Vista Marina is a large property that consists of 550 slips, retail, and two restaurants; it was built in three phases, and all three phases filled to capacity within a year. Sterling's biggest challenge was that the marina is located on the south end of the bay, and south of the Coronado bridge. This means that boaters must spend 1-2 hours to get to the mouth of the harbor. That was a big obstacle for our company to overcome. Second, in 1984 Chula Vista was not a popular residential area for new families and had a bad reputation.
Through Sterling's creative marketing, management, city/county/and port networking to promote the South Bay, and aggressive advertising - and excellent customer service, 5-Star maintenance, and staff sales skills, Sterling found solutions created success despite its secondary location. Today we enjoy near full occupancy in a soft economic market.
Chula Vista RV Resort was built in 1983 when Sterling assumed management of the 237 space resort. The RV Resort industry is renowned for a long lead time to sustain stabilized occupancy (typically 10+ years). Sterling achieved an unheard of feat of stabilized occupancy in less than 5 years by executing a company plan to fit the special needs of the property.
Since then, the resort has maintained an annualized 73% occupancy in an industry where annualized occupancies are considered excellent at 60%. Chula Vista RV has maintained a coveted 5-Star Industry Rating for each of the 28 years of its operation.
Contact us today to learn why Sterling Management is one of America's top recreational property management companies.
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