### Comment:
I wonder what the initial cap ex would be like

### REPLY:
Initial expenditure would be extremely low per square foot compared to residential. Fixed costs are also low because you don't have to pay as much (if anything) for water, heating, etc. Just lights. Management costs are probably way lower too. I'm not sure how much per square foot you'd collect but it's probably not that far off of residential prices. Maybe 50% as much per sqft. That is, you'd collect say $130 for a 12x12 locker where an apartment 3x that size would cost $800.

### END.