Buying a Storage Facility

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

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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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self storage case study feature

Case Study: Recommendations and Future Value for Self Storage

Let’s take a look at a case study from the sale of a self storage facility in which the team at Investment Real Estate (IRE) represented the client in the summer of 2019. This sale is a prime example of how following proper recommendations from a self storage broker can dramatically change the value of […]

Due Diligence feature

What Is Due Diligence and Why Is It Important?

If you’ve targeted a self storage property to purchase and things have progressed to the level of ‘serious’, by either the execution of a Purchase and Sale Agreement (PSA), you’ll be staring down the barrel of an intense process called “due diligence.” This period allows a reasonable investigation of a proposed investment deal to check […]

pitfalls and lessons learned feature

Preparing to Purchase a Self Storage Facility, Part 8: Pitfalls & Lessons Learned

Buying a self storage facility is no small task. A self storage transaction, just like many commercial real estate transactions, involves hundreds of thousands or even millions of dollars, as well as the concerted effort of several professional organizations. In the final installment of our eight part series on Preparing to Purchase a Self Storage […]

physical site inspection checklist

Preparing to Purchase a Self Storage Facility, Part 7: Inspection Checklist

One of the most important parts of Due Diligence is your time spent reviewing the physical conditions of the self storage asset in which you are about to invest. In part 7 of our 8 part series on Preparing to Purchase a Self Storage Facility, let’s review the details for completing a property inspection checklist […]