Buying a Storage Facility

IRE networks with bankers, accountants, engineers, management firms and more to connect you to the right people you need.

How to Buy a Self Storage Facility

Before you begin, ask yourself how a self storage investment fits into your business plan. How involved do you want to be in the daily operations? Do you need a property management firm? Are you looking in a specific market? Here are the basic items you should research before acquiring a self storage facility.

Determine Your Ideal Property Size and Location

Real estate is always about location and self storage isn’t any different. Working together with our team of experts will help you to determine your ideal property, size and location.

Team of Experts

Purchasing a self storage facility takes a team of professionals. In addition to the best self storage real estate broker in the industry, you will need to engage services of an attorney, appraiser, financial institution, surveyor and possibly an engineer. IRE works with top professionals in each field who are familiar with self storage properties and the unique matters surrounding them. Through our vast network, we will align you with the right people to get the transaction completed.

Purchasing Process

Our brokerage team has seen thousands of letters of intent, purchase and sale agreements, and due diligence documents. We will share the materials you need to effectively research a self storage facility and help you with financing assistance. The brokerage team works diligently to keep deals moving through the purchasing process so that both parties reach the closing table without surprises or issues.

There are specific guidelines to buying and operating a successful self storage facility. Investment Real Estate has the tools, resources, knowledge and experience to keep you on track to closing on your first or next self storage facility.

Contact Us to Learn More about Buying

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Portfolio of Past Sales

Wolcott Self Storage

85% Occupancy Satellite Property

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coatsville-self-storage-ire-llc
Portfolio of Past Sales

Coatesville Self Storage

Property Highlights & Opportunities Offers Due Thursday, November 15th Opened in April 2017 67,007 Net Rentable SF Leased 35,000 SF in the First 19 Months Only Temperature Controlled Facility within 5 Miles Competitive Radius Excess Storage Demand of 142,000 SF in 3 Mile Radius Excess Storage Demand of 225,000 SF in a 5 Mile Radius […]

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Secur Stor Self Storage
Portfolio of Past Sales

Secure Stor Self Storage

Property Highlights: 13,950 SQ FT 5,400 SQ FT of Temperature Controlled 2,000 SQ FT Ready for Expansion Inside Fenced Area 5 Total Acres

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Bethel Self Storage Park, Bethel NY {
Sold For $2,100,000.00
Portfolio of Past Sales

Bethel Self Storage Park

Bethel Self Storage Park is comprised of 11 buildings and opened in 2004. The facility consists of morethan 200 storage units, including outdoor parking spaces, carports, barn storage units, a rental house and an apartment above the rental office as well as a box truck.

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Ideal Self Storage, PA
Portfolio of Past Sales

Ideal Self Storage Portfolio

Property Highlights: 4 Locations 142,075 NRSF $64.05 Price Per SF 87.8% Occupancy at Mature Sites New Location Opened March 2018 – 33% Occupancy Potential Expansion at Sunbury Location

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financial modeling

Preparing to Purchase a Self Storage Facility, Part 6: Financial Modeling

The process of forecasting future performance with the goal of calculating a particular metric or set of metrics is called financial modeling, which is the subject of this blog, and Part 6 of our Preparing to Purchase a Self Storage Facility series. Here’s the scenario: Wanting to purchase a self storage facility, you’ve started to […]

update on cap rates

Understanding Cap Rates and How They Affect Self Storage

If you are a self storage owner looking to sell your property, or you are looking to purchase your first or next self storage property, your real estate broker will discuss values with you in terms of cap rates. Secondly, if you are a self storage owner and you are interested in refinancing your facility, […]

attractive buyer feature

How To Be An Attractive Self Storage Buyer

In a market where demand for self storage properties greatly outweighs the supply of available facilities, you’re often forced to compete against many other willing and able buyers. At that point, your offer needs to be as attractive as possible in order to be selected, or at least be considered for a counteroffer by a […]

Timing the Market to Sell

Timing the Market to Sell

Whether you are a buyer or a seller of self storage properties, paying attention to the overall self storage market and valuations can make hundreds of thousands of dollars’ worth of difference to your bottom line. Real estate market cycles are broken down into four categories: recession, recovery, expansion and oversupply. We believe that the […]