No need to list!
Services for Self Storage Owners
What is my self storage facility worth?
In all the U.S. regions where we operate, we look at opportunities to buy self storage facilities that are either already operating or permitted for construction. We primarily focus on Class “A,” climate-controlled facilities in urban markets, but we are always open to exploring assets outside those parameters when conditions are right. If you have a facility, we want to talk to you.
We perform a focused market analysis when considering any self storage for sale, with the goal of giving sellers their maximum value as borne out by the numbers in a fully transparent, cooperative process. Whether you are thinking of selling, or curious about your options, we can help inform your decision.
- Before underwriting can begin, we will request a standard set of documents from the seller. These typically include the most recent Management Summary Report, the most recent Occupancy Statistics Report, the Rent Roll, and the trailing 12 month Income Statement.
- We will also conduct a comparative analysis of the property or properties, looking at rents, demographics, comparable sales, and planned construction in the surrounding area.
- We will develop an estimate of current and projected NOI based on the buyer’s operating expenses.
- The underwriting and market analysis will be used to develop an estimated offer value, which will be sent to the buyer for approval.
Our self storage brokers have developed a proprietary approach to analyzing each micro market to determine the current and future performance of each asset. We use the top industry databases coupled with our specific sector knowledge to create a matrix that will project the properties’ performance. This gives all involved parties the most accurate depiction of future as well as present value.
To keep current on trends and values in the self storage properties marketplace, we gain insight from regular attendance at state and national storage events where we share knowledge with other professionals in the industry. As a further means of staying up-to-date with current trends and best practices in the self storage market, the team regularly follows and contributes to industry forums and publications that chronicle the U.S. storage industry.
Once under contract, our group assigns a liaison to assist with the due diligence process and act as a point person all the way through closing.
Our consultants answer any questions regarding tax considerations, investment strategies, facility development and improvement.
We aim to make the process as stress-free and seamless as possible, from document submission to inspection scheduling to closing.
What Makes Us Different
Unlike a listing broker who must focus on both parties in a transaction, we already have a ready buyer with a strong track record in self storage properties, and prepared to pay the full market value. We’re therefore able to spend more of our time making sure that every seller is a satisfied customer, by fostering a strong relationship built on trust and transparency.