Barely on a 3% mortgage. There's a reason a lot of investment companies are buying empty lots and putting storage units on them, they are just trying to break e

Barely on a 3% mortgage. There's a reason a lot of investment companies are buying empty lots and putting storage units on them, they are just trying to break even on the business and expect the land itself to inflate over time. If they purchased this property at e.g. 7% or more, you may have a point.