Self-storage investing means owning facilities that rent storage units, monthly, to individuals and businesses needing space for belongings, inventory, or equipment.
Log in to followWorking through a term sheet on a small facility and the insurance section lists four things, two of which I understand. Loss of rents endorsement and customer goods legal liabili…
55,000 rentable square feet, 480 units, asking $4.9M. Trailing twelve NOI is $348k, so 7.1% on the ask, and the broker is running his pro forma to a 8.4% year-three yield entirely…
An owner I've been talking with has a 42,000 rentable square foot facility, about 310 units, grossing roughly $560k. He's decided he wants out of the day-to-day and asked me to re…
The facility is 180 units on a paved lot, gate with a keypad, no manager on site. The seller told me he drives over twice a week, walks the rows, and the rest is done from his lap…
I'm reading a package on a 240-unit facility. The first page says 93% occupied. Then the rent roll shows a bunch of units at $49 when the website advertises $89 for the same size,…
I've spent most of my time on land and zoning, so the operating side of a storage facility is new territory. A vendor sent me a quote for a management platform that was priced per…