MUST SEE: Matt Farah's MEGA Collector Car Storage

As most of you know, Matt and I have been friends since we were in 7th grade and have been fanatical about cars for the last 30 + years. However, for the past 5 years, Matt has been building his dream car business is LA called: Westside Collector Car Storage. This building will hold 150+ vehicles, full detailing, concierge service, customer lounge, whiskey lockers, etc..and house his offices and Smoking Tire Podcast Studio. On a personal note, I'm so happy to see Matt build his dream, get married to a wonderful person, and become so knowledgeable not only about cars....but even more so about laws, building codes, profitability, and the massive scheduling/planning necessary to build such a huge warehouse. He has really become a powerful businessman and I'm excited to watch his future successes.
(Much the same as with Kevin Brown, Derek Bemis, Jason Rose, Mike Musto, and Jonathan Adler...I have the utmost respect for Matt Farah as not only and expert in his field, but as a loyal friend. So please leave respectful comments or questions. )
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Disclaimer:
Due to factors beyond the control of AMMO NYC, Larry Kosilla, and Make Rain Productions, we cannot guarantee against improper use or unauthorized modifications of this information. AMMO NYC, Larry Kosilla, and Make Rain Productions assumes no liability for property damage or injury incurred as a result of any of the information contained in this video. Use this information at your own risk. AMMO NYC, Larry Kosilla, and Make Rain Productions recommends safe practices when working on vehicles and or with tools seen or implied in this video. Due to factors beyond the control of AMMO NYC, Larry Kosilla, and Make Rain Productions, no information contained in this video shall create any expressed or implied warranty or guarantee of any particular result. Any injury, damage, or loss that may result from improper use of these tools, equipment, or from the information contained in this video is the sole responsibility of the user and not AMMO NYC, Larry Kosilla, nor Make Rain Productions. Video and Content are owned by Make Rain Productions © 2021

[@MTMoctor]

You should definitely make a revisit video once this is completely done!

[@jeffk464]

Yes, also shoot a revisit after the major earthquake thats coming.

[@TheRuVedicChannel]

@@jeffk464 Hahahaha! Arizona Bay.

[@dimasnoercahyo1155]

he must come back

[@ChiefDaFlippa]

@@jeffk464 WTF!! hey can you tell me some lottery numbers.

[@TheFiremonkeyman]

lol it's kinda cool seeing matt geek out over this.

[@Full_Spectrum_Dominance]

TheFiremonkeyman super cool for sure @thesmokingtire

[@nal13nal13]

You can tell he is enthusiastic about it. It's cool seeing two high school friends who got successful doing what they like for a living.

[@nal13nal13]

@Shewasa Fosho I don't think his dad is ultra rich, from what I've gathered, and Matt admitted that it helped. At least he did something with that, a lot of people in that position would just try to live off his parents.

[@jonathangalloway6796]

@Shewasa Fosho I agree if I was handed a gist full of cash I could also make a cool ass business!! MR JWW on you tube is the exact same!! He runs all over the world reviewing cars and buying the likes of Ferrari TDFs etc and it's all with daddy's money. That's OK I suppose but don't seek respect and pretend you started your business off with $500 in your pocket!

[@simong7735]

@@jonathangalloway6796 yeah yeah yeah....Warren buffets daughter put herself in the hole for $10mil+ trading options. Just because you come from money doesn't guarantee you shit and as long as you imagine that you won't be getting there either. Just sayin. Don't hate, congratulate because you have no idea about the troubles people have in their lives.

[@nemtizz]

2:27 Damn that was close.

[@MrRcw79]

Damn Porsche drivers!

[@TheHooniverse]

haha, I thought the same thing

[@srschick72]

no blinker even.

[@tredfxman]

Lol guys looking at a 3D animation and are bothered for a crash 😄 Iv been doing 3D for years, and can tell u guys they need Collision Detection to even be able to get em programmed to be "crashable" in 3D LOL... If u dont have that in 3D, it will just float straight through the object... 👍 😄 👍

[@MikeVieira]

hahahaha!!

[@kellinpatler]

You gonna set up AMMOLA in his facility and offer on-site detailing?

[@thatguyovathere8684]

If anyone is thinking of development in California take note Matt had a full head and beard of jet black hair a year ago when he started the permits for this .

[@amanyimmesghen9166]

... No he didn't.

[@thatguyovathere8684]

Aman Yimmesghen Its a joke bro . They are making this poor dude jump through every hoop imaginable

[@waltciii3]

Yah! This is basic... Imagine if you build a skyscraper or something else big that is getting built like gangbusters here. Because we have engineers and architects that can do it better than anyone in the world.

[@ciello___8307]

Von_Nightmare_ Luciferian certainly not stopping anyone from moving here though lol

[@edwind8440]

I remember this.. LOL Been a long time coming.

[@hardcorepooka104]

So amazing to see Matt's dream coming true. This might be one of the most over-engineered buildings around... which is perfect if you're holding millions of dollars of other people's cars. Can't wait to see it finished.

[@MrAnnihilator22]

Matt probably laughed at the explosion at Durham Porsche Collection

[@RevolutionMuscle]

Its not over engineered solely for the cars. Regulations in california are insane. So much red tape to cut through.

[@ChuckBeefOG]

TheHardcoreLife sounds like it after that rain water filter system bullshit. That is probably a $40 million dollar building. And $500,000 in taxes per year.

[@jacobstofmeel3619]

drum2dis wow really dude? He may of come from a well off family but they didn't make him who he is today because of it. He was able to go to the best college to get his masters/degree in photography....which he admits is useless. His where he is today because of his hustle.

[@Speednote10]

Chuck Beef There’s no way it’s even close to $40mil. How did you get to that number?

[@StudiousAsp7200]

Congratulations Matt for making a dream come true. Another great video Larry, keep up the amazing work

[@WealthyWalnut]

It's weird that this video is more in depth than anything Matt seems to have shown so far lol can't wait to see the finished product!

[@po.russki]

Edward Edwards yeah literally. Matt, I’ve met you in person, and I know you’ll read this but please more videos on the Countach and fun little details on this project.

[@j9119111]

Edward Edwards I was just thinking the same.. (not weird) if so then my weird too lol

[@jdelbrid]

Very impressive and very thorough in concept and design. He has obviously done an extraordinary amount of research to design this facility. Having been involved in construction work for over 30 yrs, I know he is spot on in his detailed descriptions of how things are done to construct a building like this. Thanks for sharing.

[@DumbledoreMcCracken]

Will it make money?

[@yourfavoritetrader1496]

Kind of interested in the money to be made here. There are going to be some numbers left out and estimated because we aren't sure what the financing arrangements are at. Let's assume maximum occupancy of all available quads and tandems. 30 tandems at what is assumed to be $2000 a month and 18 quads at the $3000 rate he provided in the video. There are also 15 valet spots which we'll assume are $100 a day. 12(30*2000) - $720000 12(18*3000) - $648000 365(15*100) - $547500 Best case scenario he makes - $1,915,500 a year off the property. As for expenses this is where it gets dicey because we are assuming the property value and cost of financing (if financed). First, let's assume the property is worth an estimated 16,500,000 on a $1250/sq ft valuation of the buildings around the area. So yearly property taxes from what I can tell are 1.25% per $1000. Then you have staffing, which I assume to be are security 24/7, valets 24/7 and management. That will not be cheap. Let's assume valet will be paid $15 an hour (got to love that minimum wage in CA). You'll need 2-3 valets at all times depending on volume. You'll need 3 managers assuming Matt works on site to split the hours of being open 24 hours a day. You'll also need maybe 2 guys running security at all times, which I assume will be outsourced to a business like securitas or something. Security: 365 days at $250 a day - $91500 Valets: 2.5 persons working on average at any given hour of the day 365(3(24*15)) - $394200 Property Tax: 1.25% of 16.5M - 206250 Water: $2000 a month seems a fair estimate because they'll be washing cars and use of restrooms. $24000 Electricity: $15000 a month x12 - $180000 (It's a 13200 sq ft building that will need power running to lifts, gates and elevators as well as the lighting inside and outside running all day long. Management: Average manager salary is $60000 and you'll have 3 so I assume that will be $180,000 a year Payroll expenses: Businesses are required to match FICA of 6.2% Valets and Management are part of payroll 6.25(180000+394200) security is outsourced so no FICA match - $35600.4 Interest on financing - I'm assuming he's getting a loan to build this out and let's assume its a 10M dollar loan. Construction loans are generally subject to much steeper interest rates than your standard mortgage. I assume he's in a rush to build this out to refinance the terms of the loan when the property is done to get a much lower rate since the property will be served as collateral and therefore a secured loan. Anyway let's assume after refinancing he will secure 6% at 10M. He'll be paying roughly $60K a month or $720K a year. Let's add up the expenses. Mortgage Payment/Financing - $720000 FICA - $35600 Property Tax - $206250 Security - $91500 Valets - $394200 Management - $180000 Electricity - $180000 Water - $24000 There are other expenses, but this is a crude and quickly drawn up. $1,740,050 Best case scenario he clears over 200K. Not a bad gig for a small business best of luck.

[@viriatvsoflvsitania5422]

Wow, you went deep on this. Well done

[@Sentraman4]

r/theydidthemath

[@ANSWERTHECALLOFJESUSCHRIST]

Wow, I had to comment. You spent the time coming up with the numbers. Impressive. I felt an onset of depression just imagining myself being in Matt's shoes. He's a smart fellow and obviously did his research, but I can see the masochism in his endeavor. Passion is the anesthetic of reality. Peace! 🙏

[@350cicamaro]

Started following Matt with the C5 corvette detailing videos. From there, I found Larry. Been buying Ammo NYC products ever since. Should be getting Spit and towells in the mail today!!

[@kgregg97]

Same story!

[@joshuafindlay8857]

You guys have come a long way since your little shop in Harrison. Congratulations to you both!

[@wobblysauce]

Wonder what they would say if you talked to them back then about what each has now...

[@indetailsydney2852]

Unbelievable!!! Concrete 36” thick. I half expected Matt to start quoting MPa of the pour. He’s one enthusiastic dude. This has just become my #1 teaching tool for my Engineering classes on Composite MaterIals and Concrete. By the way, what MPa did they use for the pours on that downstairs roof, especially the 36” sections

[@CruizinCriz]

As a civil engineer, I enjoyed how excited Matt got over concrete and steel work lol!

[@mericafreedomland3583]

I love all the bad ass cars driving around in traffic lmao

[@scruffywuffy8009]

1 man with a big building + 1 man in shock.

[@q8fly.]

-Needs outlets at each parking space for battery tenders. -Don’t forget the Park right flat free tire ramps

[@Zanpaa]

Do you actually think that has been ignored?

[@bretthatfield2516]

Imagine having the stress of building this massive, complicated facility, all the money wrapped up in it, while you are planning your wedding. Matt needs to change his name to Dr. Cool.

[@Jordan-zq7yy]

I love how excited Matt is for this. I’ve been wondering what he was up to after stopping doing one takes.

[@wyattoneable]

Wow, location is everything and he nailed it! Great job on the computer animation, that helped visualize the concept.

[@hunterjones9822]

Farah must have sold a lot of coffee lately...

[@jko0511]

Coffee and Chassis

[@Ratarossa]

So cool to see this happening, Matt was telling me about it last summer when over here in the UK. At the time he had the whole build in his head and now seeing it in reality plus how stoked and energised he is about the project is just great.

[@h1989w7373]

Wow! That's amazing, I live in California, I'm familiar with building codes, this must cost a fortune! California and their over regulations, my hats off to entrepreneurs especially in california, thanks larry, I'd love to see the business when It's done

[@ScramJamJohnson]

I love that Matt has totally nerded out on the real estate aspects of this business venture. I've never seen someone more excited to explain why they HAVE to have an elevator on a commercial property with more than one floor.

[@Dereyter]

What a stunning idea and movement to implementation of the car storage!

[@1theautospa_]

Amazing...really appreciate the amount of thought and foresight that was put in to design and logistics..hope you do a video of the facility when it’s finished!!

[@No-Gumph]

Wow. That will be some place! I love how well thought through it is. Thanks for making the video. Interesting and informative as always.

[@SarahnTuned]

That place is Rad! The hidden LED lights on the wall idea is smart.

[@DoctaM3]

I am so excited to see it come together. I remember Matt telling me about this during his podcast I did. 2 years ago. There is not going to be anything like this place on earth. He is sup. a visionary and I'm excited for this.

[@trque0fthedevil]

After some quick maths of the prices quoted, wow! That’s some serious income. Good on you Matt, fair play!

[@tylerr7437]

this is really cool and farah is soo stoked about it..

[@Neophobic]

im loving his excitement. Ive been watching matts videos for years and the best part is watching someon's dream come true. Im hoping one day to be able to build my own company restoring and modifiying cars and a dream collection of my own. Its been a treat to watch someone else do something similar.

[@300ZCorradoVR6Z]

That is pretty awesome! Congrats Matt and thank you Larry for showing us this new awesome project!

[@Thettruthornothing]

Matt and that same ole rugby zip up...Rumor has it that he wore this exact outfit to his wedding.

[@robp.8807]

This is far more epic than I imagined after hearing about this over last few months. Congrats and looking forward to seeing new project finished.

[@Hannu_H]

Finnish elevator! Good choice Matt! :) Greetings from Finland!

[@amishtechsupport-3282]

Grreettiinngs

[@thomasrossi31]

Makes my 4 car garage look like a cardboard box!

[@chrisg4rr377]

Makes my 1 car drive look like a drawing

[@HEMi1995]

Makes my 1 car garage look like a cereal box

[@symonoxide7873]

I love how Matt knows like everything about this project. I can't imagine the amount of time it takes to design and build something like this, that he could have just left to someone else.

[@Sigrafix]

This is a crazy project.. can't believe Farah is making this thing a reality Lol.. that's awesome, can't wait to see it finished.

[@corradoracervwvrt8276]

OOOHhhh my God!! So proud of you Matt. This is just so great and simply amazing!!

[@HEKTIC458]

The concrete is so beautiful, it brings a tear to my eye 😢

[@markchip1]

I love the detailing of the architecture and the design! The attention paid is stunning and very well worthwhile. A superb job, Matt! A photo booth might be a nice feature...

[@GrayDuckDentRepairofMinnesota]

Very Cool 😎... Wishing I had the need to store a sweet ride in LA

[@tx4runner459]

I love this. This is amazing. Love that y’all are collaborating too. Larry, serious question, when can we expect AMMO Reflex to be released again? I’ve been needing some hardcore and using a wax is nice and all but I’d rather be using Reflex!!!!

[@7riple7s]

South Texas yess I’ve been needing this too!!

[@alexnicolas9135]

The 1 percent problem where’s my 3rd and 4th car going haha, this is a great investment idea good job

[@stevobriks02]

Seriously lol. He should be charging way more for those lifts though.

[@vossler360]

I wonder what the construction cost for a single parking spot is for this project. It'd be interesting to know which is more costly: the parked supercar, or the parking spot itself?

The building cost 10 million to build so if you're doing a break down just on the 155 parking spaces then it comes to $64, 516 per space.

[@mhks68]

.... and your first client is Jay Leno. ❌GARAGE FULL❌

[@JaredConnell]

This would fit like a quarter of Jay's collection lol

[@jacobstofmeel3619]

Only jays modern cars could go in the racks, you ain't getting no 5ton Duesenberg on there

[@tbillington]

Very cool setup, great to see Matt's enthusiasm for the project. Hope it works out well for him.

[@billybrooklyn1]

Matt im so happy for you. CAnt wait to see it finished

[@JerryJrsGarage]

I like the looks of this set up much more then the ones I’ve seen in Naperville IL. Looking great and that some serious concrete work...One can only dream of leading that project. Awesome job guys. Would love to see this in person one day.

[@ColinCady]

That yellow porsche almost clipped that beemer @2:26 . What a jerk!

[@mickthompson2947]

Colin Cady lmfao

[@joro2]

Great video, and good luck, Matt - not that you’ll need it as concept is great & space looking extremely cool.

[@DrivingWithJake]

Thanks for sharing! Looking awesome can't wait to see it done! :D

[@USFOLLOWME]

Exciting times. I love what you did with the place and attention to detail.

[@sadubone]

impressive, can't wait to see it finished.

[@Dfpijgyt564s65sgt]

Always been a big fan of Matt and this sounds sick! Can’t wait to see it finished and full of cars.

[@Goran91]

Such a great idea and seems like Matt has it fully thought out! Wonder if he is going to offer a maintenance type of deal? Saw on the app that you can order a car wash and such prior to pick up but offering a basic maintenance service I think would be a good second step. Although that does open a whole can of worms that may not be worth dealing with also.

[@randr10]

It's cool to see you doing this Matt. Been a big fan for quite a few years. Kudos on your success.

[@BryceChristopherHodge]

This looks so well thought out. Can’t wait to see the finished working business!

[@timcallahan1055]

I've dreamed of doing something like this for a LONG time! This is killer.... Can't wait to see how it progresses. Kudos Matt!

[@Poorschedriver]

Watching that NSX go down the ramp reminded me of Matt's early days, when he used to have planks of wood to get his C5 vette out of his driveway.

[@erictko85]

Shout out Matt's CGI team. We can see the whole thing! Nice job AMMO editors as well for taking us through visually rather than just hear it described!

[@Devon.L]

wonderful and very detail video, I geeked out watching this!

[@Kxji]

The most impressive thing was the ramp. Well done Matt 😂

[@KYoss68]

Makes me want a "Farah Ramp" for my dream garage.

[@lonesome_carboy1829]

Lol Matt getting caught out for his sign at @20:11 was classic ! I love the guy but am i the only one who thought his response seemed forged ? hahaha

This is amazing, you can tell Matt is excited about it.

[@PetaLucien]

This has been a dream of mine for a few years now! SO HAPPY to see someone especially like Matt executing it. So excited for this.

[@HPFTURBO]

Absolutely amazing! Even more crazy is to think some people actually own something similar for their very own private car collection!

[@Sexysev]

Really cool to see, thanks for sharing this with us.

[@arethouready]

Wow. This is a really cool video. Had no idea about this

[@GHOSTJERKER]

Looks incredible! The ramp design is perfect!👍

[@Patrick94GSR]

Indeed. I had the stock exhaust resonator removed from my car during my last year of college because it always scraped the parking garage ramp, and I finally got sick of it!

[@StarWarsBattleflop]

I would love to see more of you together, same enthusiam about Cars:D

[@dimitarttt]

After watching this I feel like I know enough to start my own construction company

[@jeanettetietgen5783]

Really nice video Larry thanks

[@brad450]

Hey that's my work! @8:17 VW Dealership Downtown Montreal!

[@rivaled]

Insane. Hope Matt’s your ready for guest and visitors. This will be on the bucket list of every enthusiast to see. Can’t wait to see it in movies lol.

[@anthonyfrios]

I love this idea wow going to be beautiful!

[@thetumanshow]

Met Matt today and it’s obvious how passionate he is about this project and it’s just about done

[@brandon21g]

That is really impressive how knowledgeable he is. He literally knows every square inch detail.

[@BigBoyLies]

he'll be selling his service to wealthy customers. he NEEDS to know every detail.

[@augustkasemaa3290]

Really great to see what youtube can do. Matt with this place and Mr JWW with NVN London.

[@dgriffett9]

I really couldnt be more happy for Matt and what he's doing!

[@Kittievr]

I enjoyed geeking out on someone elses construction. Thanks for this.

[@nitemareglitch]

Amazing, putting this on my list of places to visit.

[@winstonbeck8623]

So dope! American capitalistic ingenuity at it's finest! Props and kudos to you Mr Farah!

[@irsever]

Very exciting, happy for Matt. That concrete planter in front of the entire shop will come in handy if traffic ever tries to drive inside. Man, and so many crazy ordinances; the filtered rainwater, $20k fireproof windows. Do they have to do any air filtration since there's cars running indoors?

[@jeffmiles6831]

I'm near completion on a house, a couple of miles away from you, and had to build the same "planter boxes". Front and back of house. I'm thinking that once i get through final inspection. The backyard one is going to become a small pool- sort of Jacuzzi thing ! there are way more scorching hot days, than rainy ones out here.The amount of soil it took to fill them, was insane. Funny - looks like those planters were the first thing you built! : D CONGRATS! Looks like a quality build. P.S. regarding paint. If white were to be painted from the ceiling, then fading - (subtly) - to that natural concrete using a sprayer. It would give a visual impression of a much taller ceiling. sounds difficult. But it's not.

[@RBeeMedia]

I saw the renders on Matt's podcast, and this place is going to be literal heaven !

[@SpecRB]

Damn, have to get another walkthrough when finished

[@BS0821]

Thanks for filming this. Cool to see it in long form.

[@jasonmerrick8473]

So very cool! Can't wait to see the final product.

[@Jasshands1]

Ugg elevators and the technical term for the concrete defeat is “honeycombing” and can be caused by improper pouring and not using the correct tools. I work on commercial developments and seem all sorts of fuck up. You got a smart concrete guy.

[@MrXo]

Very nice, Matt. Cant wait to see the finished product

[@John-ds3kj]

Great vid as always 👍👍

[@FlyingStuff]

I love that all of the cars in the digital mockup are not only extremely detailed but all of them are ineresting and or special cars

[@matt2m]

You thought about the semi driver dude my friend tells me stories of backing up for a mile at some warehouses in cities.

[@KRAzure]

Since the storage has been complete hope you have a chance to visit in person for a tour and do a detail in his indoor/outdoor bay sometime.

[@-MacCat-]

Well done Matt and I love your infectious pride. I wish you well in this venture, as I'm sure everyone else does too.

[@zokotuckikazu3239]

It looks great. Much respect to Mat for building his dream business. I can’t wait to see what it looks like when the construction is done. Hopefully he’ll have a great barbecue on grand opening day.

[@atlikristjan357]

I love how involved he is with the process. Congrats to Matt for this

[@AMMO-NYC]

agreed

[@baker9378]

That guy describing the construction of that building sounds like Dirk Digler talking about his handmade Italian custom shirt in Boogie Nights.