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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View Our Portfolio of Past Sales
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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Portfolio of Past Sales

Monroe Storage Services

Property Highlights Include: 572 Units Class “A” Facility in Market 70,750 Net Rentable SF Additional 2 Acres of Expansion Physical Occupancy 81.2% 6.25% CAP Rate Located 2 miles from Atlantic City Expressway

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Portfolio of Past Sales

Nandua Mini Storage

Property Highlights Include: 22,350 Net Rentable SF 158 Units + On-Site Office Significant Management Upside Significant Expansion Area – 10.8 Acres Total Well-Maintained Property Growing Area 10.1% Cap Rate

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Portfolio of Past Sales

Rondout Valley Self Storage – 3 Property Portfolio

Property Highlights Include: 276 Units 30,825 NRSF 7.5% Cap Rate Pride of Ownership No Tenant Insurance Program Consistent Occupancy Levels Revenue Management Upside

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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 […]

self storage financing checklist

GUEST BLOG: Self Storage Financing Checklist

Submitted to Investment Real Estate by Craig Portner at Union Community Bank The self storage industry has grown by leaps and bounds during recent years. Over $3.5 billion dollars was spent on self storage construction during 2017, up from $1 billion in 2015. The safety of this investment, given the right location, is evident in capitalization rates […]

Site Assessment and Remediation

GUEST BLOG: One Size Doesn’t Fit All:Environmental Due Diligence for the Self Storage Marketplace

Submitted to Investment Real Estate by David Coynel, Liberty Environmental, Inc. Here’s a common scenario to consider: you’re standing in a store, deciding which type and size of shoe to buy. Should you buy a dressy work shoe? A sporty pair of running shoes, or a casual loafer, perhaps? The decision, of course, is a function of […]