Personal Warehouse
PW Development operates Personal Warehouse, a national developer of Micro-Bay Flex Space industrial condominiums (500-2,500+ SF) and Garage Condos sold or leased under a 99-year ground lease model. The company serves entrepreneurs, small business owners, real estate investors, and vehicle enthusiasts across multiple US Sun Belt and high-growth markets.
- Company typePrivate
- Founded1999
- HeadquartersCentennial, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What Personal Warehouse does
PW Development, LLC, operating as Personal Warehouse (founded 1999, Centennial, CO), is a privately held commercial real estate development firm that pioneered the Micro-Bay Flex Space industrial condominium asset class in the United States. The company develops, builds, sells, and leases small-bay industrial condominium units (typically 500 to 2,500+ SF) branded as Personal Warehouse® and Garage Condos, plus complementary Professional Work Suites and Self-Storage in select mixed-use projects. Its core technical proposition is a proprietary 99-year ground lease ownership structure that separates land from building ownership and reduces entry pricing by $35-$75 per SF versus fee-simple industrial purchases, paired with premium unit specifications including 100/150-amp 3-phase electrical service, full climate control, all-LED lighting, mezzanines expanding units by up to 30%, and best-in-class insulated overhead doors.
The company monetizes through three primary revenue streams: one-time unit sales to business owners, investors, and lifestyle/enthusiast buyers; recurring NNN (triple-net) lease income for investors with cap rates of 7.5% to 9%+; and a newer PW Development Services line offering turnkey site planning, design, development, construction management, market assessment, and equity raise support to partners in select markets. Pricing is quote-based and varies by project, market, and unit size; SBA 504 financing is available through a preferred lenders network with down payments as low as 10%, while conventional commercial loans typically require 20-25% down. A COA handles exterior maintenance and shared expenses.
Personal Warehouse serves three primary customer segments — entrepreneurs and small business owners seeking to own their operating space, real estate investors seeking NNN income with strong cap rates, and sports motor enthusiasts/collectors seeking premium vehicle and hobby storage — and markets them through a direct sales team, a website with project pages and downloadable brochures, organic social media, broker partnerships (e.g., Red Commercial Real Estate for The Garage Society in Commerce City, CO), and promotional events. As of 2025-2026, the company has 12+ active or announced projects across Texas, Colorado, Georgia, Wisconsin, Montana, and Michigan, with an operational footprint covering the Sun Belt and high-growth secondary markets from Arizona to Florida. The company remains founder-controlled under Steve Garrison (CEO/Founder/Managing Member) and Eric Greven (COO), with no institutional parent, franchise structure, or publicly disclosed revenue or funding.
Personal Warehouse firmographics
Firmographics- Name
- Personal Warehouse
- Legal name
- PW Development, LLC
- Website
- https://personalwarehouse.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- PW Development operates Personal Warehouse, a national developer of Micro-Bay Flex Space industrial condominiums (500-2,500+ SF) and Garage Condos sold or leased under a 99-year ground lease model. The company serves entrepreneurs, small business owners, real estate investors, and vehicle enthusiasts across multiple US Sun Belt and high-growth markets.
- Ownership category
- akta.pro rank
Personal Warehouse industry classification
Industry- NAICS
- Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Miniwarehouses and Self-Storage Units (531130), Lessors of Miniwarehouses and Self-Storage Units (53113)
- SIC
- Public Warehousing & Storage (4220)
- akta.pro primary industry
- Residential Full-Service Storage (HSAKAHAA)
Keywords
Where Personal Warehouse is headquartered
LocationHeadquarters
- HQ city
- Centennial
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Personal Warehouse business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
Revenue model
- Unit Sales: One-time sale of Micro-Bay Flex Space and Garage Condo units to business owners, investors, and enthusiasts. Ground lease structure reduces entry price while maintaining full ownership of the building and improvements.
- Unit Leasing: Monthly leasing of units to tenants on NNN (triple net) terms where tenants pay property taxes, insurance, and maintenance. Creates recurring income stream for investors with cap rates typically ranging from 7.5% to 9%+.
- Development Services: Turnkey development services for site planning, design, development, and construction management. Includes market assessment, valuation services, equity raise support, financing, entitlements, and approvals for strategic partnerships in select markets.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | SBA 504 Financing - As low as 10% down |
| Other | Multi-year contract | Conventional Commercial Loans - 20-25% down |
| Subscription | Monthly | NNN Lease Investment - 7.5% to 9%+ Cap Rates |
| Other | Multi-year contract | Ground Lease Payment Adjustment - CPI-Based |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels7 records
Personal Warehouse product offering
Product offeringCore offering
Personal Warehouse develops, sells, and leases premium Micro-Bay Flex Space industrial condominiums (500-2,500+ SF) and Garage Condos for business owners, real estate investors, and lifestyle enthusiasts. Units are sold or leased through a proprietary 99-year ground lease structure that reduces purchase price by $35-$75 per SF, and feature 100/150-amp 3-phase power, climate control, mezzanines, and customizable interiors. The company also provides turnkey development services for partners pursuing Micro-Bay Flex Space projects in new markets.
Product overview
Personal Warehouse® is a commercial real estate development company and national brand that pioneered the Micro-Bay Flex Space condominium asset class in 1999. The company offers three core products: Personal Warehouse® (premium Micro-Bay Flex Space condominiums of 500-2,500 SF with mezzanine capability, climate control, and 3-phase power for business, storage, and investment use), Garage Condos (premium vehicle storage and enthusiast spaces with full customization options for cars, RVs, boats, and hobbies), and PW Development Services (turnkey development services for partners seeking to build Micro-Bay Flex Space projects). Select projects also include Professional Work Suites and Self-Storage as complementary offerings within mixed-use developments. All products utilize a proprietary 99-year ground lease ownership structure that reduces purchase prices by $35-$75 per SF compared to fee-simple ownership.
Differentiator
Problem solved
Functional benefit
Brands
- Garage Condos: Premium garage condominiums designed for vehicle enthusiasts, car collectors, RV and boat storage, featuring climate control, 3-phase power, and luxury finishes.
- PW Development Services
- The Garage Society
Quantifiable outcome
- Cap rates of 7.5%-9%+ on NNN leases
- +4 more outcomes
Companies that use Personal Warehouse
Customer profileNamed customers3 records
Segments4 records
Personal Warehouse technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Personal Warehouse partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and strategic.
- Red Commercial Real EstatecoreCommercial real estate brokerage firm that handles sales for The Garage Society project in Commerce City, CO. The project is developed by The Garage Society but marketed by Personal Warehouse and brokered by Red Commercial Real Estate.
- The Garage SocietystrategicThird-party developer of The Garage Society project in Commerce City, CO (46,806 SF, 2 phases). Personal Warehouse markets this project under their brand while The Garage Society develops the property. Phase 1 is sold out; Phase 2 is now available.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
Personal Warehouse competitors and assessment
Company assessmentMarket position
Strengths4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Personal Warehouse social profiles
Digital presencePersonal Warehouse financial estimates
Financial estimateRevenue estimate
Valuation estimate
Personal Warehouse leadership team
Management profileNumber of profiles
Personal Warehouse funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Personal Warehouse M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Personal Warehouse
What does Personal Warehouse do?
Personal Warehouse develops, sells, and leases premium Micro-Bay Flex Space industrial condominiums (500-2,500+ SF) and Garage Condos for business owners, real estate investors, and lifestyle enthusiasts. Units are sold or leased through a proprietary 99-year ground lease structure that reduces purchase price by $35-$75 per SF, and feature 100/150-amp 3-phase power, climate control, mezzanines, and customizable interiors. The company also provides turnkey development services for partners pursuing Micro-Bay Flex Space projects in new markets.
Is Personal Warehouse a public or private company?
Personal Warehouse is a private company. It is currently operating.
When was Personal Warehouse founded?
Personal Warehouse was founded in 1999. It employs 1 to 10 people.
Where is Personal Warehouse based?
Personal Warehouse is headquartered in Centennial, United States, in the North America region.
How does Personal Warehouse make money?
Three revenue lines are on record. Unit Sales are the primary driver. The others are unit Leasing and development Services.
Does Personal Warehouse have an API?
No public API is recorded for Personal Warehouse.
What industry is Personal Warehouse in?
Its primary akta.pro industry code is HSAKAHAA, Residential Full-Service Storage. Its NAICS code is 531120 and its SIC code is 4220.