CA SOUTH
Scaling Class-A Contractor Yards
A deep dive into CA South’s plan to build the first national platform of secure, purpose-built contractor yards for America’s 33 million small businesses.
Category
Contractor Yards
Unlevered Yield Targets
10%+ stabilized yields by Year 3
Current raise
First sites break ground 2025–2026
Min. Investment
$2.5M equity per site
Aptitude Overview & Current Investment Opportunity

For decades, small contractors, landscapers, and tradespeople have had nowhere to place their trucks, trailers, and equipment at the end of the day. Their choices were limited to improvised back-lot yards, self-storage units designed for sofas rather than skid steers, or industrial sites that demanded multi-acre leases and corporate credit. None of these options fit the needs of small, operationally intensive businesses.

CA South is filling that gap by creating Class-A secured outdoor storage yards—a new asset class designed specifically for small business tenants who need secure, flexible, 2,500–10,000 sq. ft. spaces with 24/7 access. These sites provide fencing, lighting, security cameras, key-card gates, and paved circulation roads, but at a fraction of the cost of traditional industrial space.

The model resembles early self-storage: fragmented mom-and-pop ownership, clear demand, a lack of purpose-built supply, and a massive opportunity for institutional standardization. CA South is bringing more than $1B of development experience to a corner of industrial real estate that is ready for professionalization.

Key Takeaways
Inside the "goldilocks" industrial asset class serving 33mm small businesses
CA South is creating Class-A outdoor storage yards—secure, flexible, and affordable spaces for America's contractors and small businesses—meeting a massive unmet need in a market overlooked by traditional industrial and self-storage developers.
How 9 Target markets will become a $50mm outdoor storage portfolio
From Houston and Nashville to San Antonio and Columbia, the team is rolling out a scalable network of Class-A contractor yards—selecting metros with verified demand, low vacancy, and institutional exit potential, starting in Tulsa & Oklahoma City.
CA South's blueprint for stable yield and a scalable exit
Early investors refinance out as institutional capital steps in—creating a repeatable path from developing the first sites to a $50mm stabilized portfolio primed for an institutional takeout, yield compression, and long-term platform scalability.
Vacancy rates under 2%
For contractors, these yards aren't optional—they're operational. Secured, self-maintained, and essential to daily work, they attract tenants who stay for years, pay on time, and keep vacancy near zero.

The CA South Model

The core of the strategy lies in standardizing a product that has never been standardized before. Each yard is designed with secure perimeters, interior fencing between tenants, paved drive aisles, and controlled access systems. Contracts are flexible—often month-to-month—allowing tenants to expand or contract their footprint as needed.

Failings of current offerings: junkyards, gravel roads, truck parking, no interior fencing

Despite the simplicity of the physical product, the operations are sophisticated. Leasing, payments, and tenant communication are fully digital, making the sites feel more like modern self-storage than traditional outdoor industrial. Every yard costs roughly $5M to develop, with construction timelines of just 9–12 months, and projected yields of 10%+ once stabilized.

Class-A secure outdoor storage with lighting, paved roads, interior fencing, and controlled access & security

The differentiator is institutional execution in a sector where “institutional” barely exists today.

Inside the Tulsa Flagship

CA South’s first secured outdoor storage site is rising in Tulsa, Oklahoma—a logistics-heavy market with industrial vacancy at just 3.1%. The project showcases what the scalable model looks like: standardized yards ranging from 2,500 to 10,000 sq. ft., fully fenced, lit, camera-monitored, and designed around an internal paved roadway.

The Tulsa site requires $5M in total development cost, $2.5M in equity, has entitlements in place, and is set to break ground in late 2025. It will deliver 50–75 rentable spaces and serve as the blueprint for the next markets in CA South’s pipeline.

Oklahoma City is next, followed by a sequence of shovel-ready sites across Texas and the Southeast—each selected for strong small-business growth, tight industrial vacancy, and favorable land economics.

Execution Team

CA South is led by founder and CEO Meg Epstein, who has delivered more than $1B in real estate projects and over one million square feet of industrial development. Her experience is paired with Khyl Powell, one of the country’s only developers with direct Class-A outdoor storage expertise.

Operations are powered by White Label Storage, which manages more than 160 sites nationwide and brings a proprietary technology stack for remote oversight, revenue management, and leasing automation. Local industrial brokers support tenant acquisition across each market.

The result is a blend of institutional development discipline, specialized operational knowledge, and localized execution.

Growth Plan

CA South’s expansion uses a hub-and-spoke strategy: enter a market with one flagship site, stabilize it, and then add follow-on projects to build density and operational efficiency. The first phase targets roughly ten sites requiring $3–6M of equity each, backed by a $50M+ pipeline already in place.

The long-term goal mirrors the self-storage playbook: establish the first national brand for contractor yards and create the institutional exit path that the sector currently lacks.

Investment Highlights
Investment period:
Building a long-term national platform of Class-A contractor yards.
Target returns:
10%+ stabilized yield by Year 3.
Stabilization & Exit Strategy
9–12 month development cycles; refinance at stabilization.
Market validation:
Serving 33M+ small businesses with near-zero vacancy.
Roundtable Recordings
Inside the "goldilocks" industrial asset class serving 33mm small businesses
How 9 Target Markets Become a $50M Institutional Storage Portfolio
CA South's Blueprint for Stable Yield and Scalable Exit
Why Contractor Tenants Keep Vacancy Under 2%
The
CA South
Team
Dakota Brasher

Dakota joined McGraw Commercial Properties in 2023 specializing in Industrial leasing representing both landlords and tenants. Dakota utilizes his research, database management and networking skills to assist his clients in identifying and evaluating opportunities. Dakota works closely with industry leaders Neil Dailey and Kalvin Burghoff who bring a track record of success in delivering exceptional client outcomes.Dakota attended Northeastern State University, where he earned a bachelor’s degree in Environmental Health and Safety.

Meg Epstein

Real estate developer Meg Epstein has over a decade of experience creating efficient, modern lifestyles for people where it matters most: their homes and neighborhoods. Developing and establishing spaces that support whole living and simplify home and work life for individuals is a personal passion of hers.To that end, Meg founded CA South in 2016 with the idea of bringing to Nashville her sense of design and style of building honed from her days in construction California. Meg quickly recognized the unique opportunity to fill the demand for residential condos that were in short supply in this market.

Khyl Powell

Khyl Powell is a Partner at CA South, where he is involved in real estate development and investment initiatives across the Southwest. He has a background in business ownership and industrial real estate development, with experience overseeing projects, operations, and long-term portfolio strategy. In addition to his private-sector work, he serves as a member of the Arizona House of Representatives for Legislative District 14. He holds an associate degree from Phoenix College.

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CA South
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