The Latest Real-Estate Business Is Storing Rich People’s Cars
- L.A. car warehouse designed to withstand 12-point earthquake
- ‘I spent many years looking to be a customer of somebody’
It’s easy enough to build a basement cellar for your collection of Lafites and Latours or clear some wall space for your Richters and Basquiats. But try finding room for a dozen or so vintage Ferraris, Porsches and Plymouth Barracudas.
In this dilemma some entrepreneurs and investors are seeing opportunity. Car warehouses that can store a hundred or more pricey vehicles are beginning to pop up across the U.S., according to car collectors and wealth managers who are witnessing the trend.