PotvinPotvin Self Storage purchased​ land, paying $ 165 comma 000$165,000 cash as a down payment and signing a $ 175 comma 000$175,000 note payable for the balance. PotvinPotvin also had to pay delinquent property tax of $ 5 comma 000$5,000​, title insurance costing $ 4 comma 000$4,000​, and $ 2 comma 000$2,000 to level the land and remove an unwanted building. The company paid $ 55 comma 000$55,000 to add soil for the foundation and then constructed an office building at a cost of $ 900 comma 000$900,000. It also paid $ 52 comma 000$52,000 for a fence around the​ property, $ 16 comma 000$16,000 for the company sign near the property​ entrance, and $ 6 comma 000$6,000 for lighting of the grounds.