ABOUT
At a Glance
Property: 6300 Wilshire Blvd, Mid-City Los Angeles
Partner: The Swig Company
Space: 3,500 sq. ft. mezzanine (expanded to 8,000 sq. ft. in 2025)
Highlights: $263,000 annual revenue (~$33/sf) | 90% occupancy in 5 months | Strong waitlist | Featured in ABC7 News
The challenge
A 3,500-square-foot mezzanine at 6300 Wilshire Blvd sat mostly unused. It wasn't the kind of floor plate that attracts a typical office or retail tenant, and it had been sitting as dead weight on the building's rent roll rather than contributing to it.
The solution
The Swig Company partnered with Stuf to convert the mezzanine into a keyless, app-accessed self-storage facility, monitored 24/7 with AI-powered security cameras. Instead of continuing to sit vacant, the space was rebuilt into storage units serving Mid-City Los Angeles residents and nearby businesses that needed a secure, convenient place to store their belongings.
The results
Within five months of opening, the facility reached 90% occupancy and built a waitlist for additional units. Annual revenue landed at $263,000, roughly $33 per square foot on a floor plate that had previously been generating nothing. The results were strong enough that Swig expanded the footprint to 8,000 square feet in 2025, and the project was featured on ABC7 News.
Why it worked
Mid-City Los Angeles is dense with residential buildings and businesses that need storage but don't have a convenient, secure option nearby. Putting self-storage directly inside an existing office building meant the demand was already there. Swig didn't need to attract new tenants from scratch, only capture existing local demand with a space that was already sitting idle.
What this means for other owners
The Swig project is a useful reference point for any owner sitting on a hard-to-lease floor, whether it's a basement, a mezzanine, or an awkward retail unit. If the space isn't attracting standard tenants, it may still generate meaningful income as self-storage. See how Jamestown and a Brooklyn developer did the same with their own underused space.
FAQ
How long did it take to reach 90% occupancy?
Five months from opening.
Did Swig expand the space after it proved successful?
Yes. The original 3,500-square-foot mezzanine was expanded to 8,000 square feet in 2025.
What was the annual revenue per square foot?
Roughly $33 per square foot, on a floor plate that had been generating no income before the conversion.
Why did Swig choose self-storage instead of another use for the mezzanine?
The floor plate's layout made it a poor fit for a standard office or retail tenant, but that same layout, an odd, hard-to-subdivide space with its own access, is exactly what works for a self-storage build-out.
What this looks like for a space you're evaluating
If you're sitting on a mezzanine, basement, or other hard-to-lease floor plate, the questions worth asking are similar to the ones that applied at 6300 Wilshire Blvd: does the space have its own access point, is it currently producing zero income, and is there residential or business density nearby that would need convenient storage? If the answer to those is yes, it's worth a conversation with Stuf about your property.
