Secrets to Success: Shawn Dahl’s Professional Journey in Spotting and Seizing Opportunity
- Brainz Magazine
- Sep 30, 2024
- 4 min read
Shawn Dahl is a private equity real estate professional who has found success focusing on Self Storage and Car Wash businesses. He balances his professional endeavors with philanthropic work. Mr. Dahl spent his 20s in real estate sales and his 30s designing and building an online platform to sell and distribute health and nutritional products. In 2010, he co-founded iStorage.com and grew his portfolio of 68 facilities, which sold for $700 million.
Mr. Dahl’s philanthropic efforts extend across the world to Uganda, where he has dedicated his resources to building coffee plantations that empower and educate young girls. He aims to uplift communities through these programs and the funds raised on these coffee plantations. In his personal time, he enjoys the outdoors and is a skilled mountain biker and skier.
How did you get into business in the Self Storage and Car Wash verticals?
I got into Self Storage in 2010 because of my real estate background, owning rental properties, multifamily as well as apartment construction. I also had extensive experience in online marketing, so Self Storage was a natural fit for combining my love of real estate and marketing together in a field that provided consistent cash flow in up and down markets.
I never had a goal to build a billion-dollar Self Storage company. I simply stumbled into some fantastic Florida-based storage deals at unbelievable prices, post-2008 crash. Then, that snowballed into a large Self Storage portfolio in 27 States with the highest concentration in Florida.
How did you get your start in the real estate industry
I started selling real estate in my early 20s and then began acquiring rental properties as deals arose throughout my 20s and 30s. I began in Self Storage in my late 30s and have since done $2 Billion in real estate transactions between Self Storage and Car Wash.
What circumstances led you to design and build an online platform for health and nutritional products?
When I see an opportunity, I tend to go after it. My path in nutritional sales started very small and humble, and then it just kept growing till we hit $1 million in sales, and then $10 million, and eventually $100 million. The internet and online platforms just became a leveraging tool to better streamline all the processes.
Where did your passion for philanthropy, particularly supporting education and healthcare in Uganda, originate?
My value set has always been interested in giving back, no matter how little I had, I figured someone else always had less. As business grew, so did my giving amounts, but the percentage of my increase that I give always remained similar. My giving philosophy is more of a commitment to a way of doing life. Put another way – I believe that "giving is man’s best way to experience heaven on earth while we are still here."
How did you come up with the idea for iStorage.com?
What started as real estate held for personal holdings and long-term cashflow legacy to pass down the generations, became a larger and larger enterprise and snowballed into a private equity shop focused on real estate deals. When you are good at something, it tends to get bigger until your company goes way beyond expectations and the need for new capital to buy deals that are too good to pass up makes the entire machine get more sophisticated with scale.
Why did you decide to start your business in the Self Storage and Car Wash sectors?
Self Storage came into my portfolio because I was looking for steady cash flow from what I believed was a simple business. Perhaps no business is simple when it scales to billions. Carwash had a cash flow in 2023 similar to what Storage was when we began in 2010. Today Storage has seen a tremendous influx of institutional capital. The costs are higher than in the past but the investor returns are still stable Storage Car Wash will not sell for as high a multiple but will enjoy higher cashflow along the way. When all is said and done after a 5-year hold the returns of both Car Wash and Storage are very close to the same.
What is something unique about your brand that sets you apart from your competition in the Self-Storage industry?
The thing that sets our brand apart starts with being very much like everyone else. There are 60,000 Self Storage facilities in the United States. It’s an industry based on 10x10 boxes that store people’s things – sometimes the size varies, but the business model is the same.
We differentiate ourselves in the great job we do in acquisitions and marketing. Every move and every decision takes place with laser focus. Our strength lies in seeing where value can be generated and then putting that on a silver platter for an eventual prospective buyer. We hold for cash flow and eventually sell or recapitalize a larger group of facilities to giant equity funds. This model has worked over 100 times for us, across 27 states since 2010.
