Notes Payable

9 Months Ended

Jun. 30, 2011

Notes Payable

Note 4 - Notes Payable

The Company secured permanent financing on the purchase of storage lot land in Arroyo Grande with Santa Lucia Bank. The loan was refinanced on April 6, 2006 and consolidated with a note for the purchase of another storage lot in Oceano. The total loan currently outstanding is $1,449,718.65 and was financed over a period of ten years at a variable interest rate currently at 5.00%. The lot in Oceano was formerly leased for $4,800 per month and was purchased for $925,000. The payments are currently $12,760 per month interest and principal. The Company also secured permanent financing on the purchase of another storage lot in Arroyo Grande with Santa Lucia Bank. The loan was originated on May 8, 2008. The total loan currently outstanding is $2,852,982.46 and financed over a period of ten years at a variable interest rate currently at 5.0%. The payments are currently $15,416 per month interest and principal. The Company secured a vehicle lease with Donahue Transportation Services Corp on a 2008 Tow Truck. The loan originated on December 9, 2009. The total loan currently outstanding is $44,298.74 and financed over a period of seven years at an interest rate of 8.39%. The payments are currently $799 per month interest and principal.

Future minimum payments are as follows:

Period Ended June 30,
2012	$  143,568
2013	139,357
2014	146,736
2015	154,513
2016	1,140,964
Thereafter	2,621,862
	$4,347,000