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

View Our Portfolio of Past Sales
The Storage House Storage Facility
Portfolio of Past Sales

The Storage House

99% Unit Occupancy 79% Economic Occupancy High Investment Upside Growing Market & Economy No Tenant Insurance Program

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Bird In Hand self storage property 002
Portfolio of Past Sales

Bird-In-Hand Self Storage

94% SF Occupancy No Tenant Insurance 5,000 SF Expansion Possible

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Portfolio of Past Sales

Philadelphia Self Storage Conversion

Property Highlights & Opportunities: 47,000 Gross SF Owner Will Provide Complete Construction Approvals Highly visible convenient location Market is Under Served – Excess Demand over 1,000,000 SF in a 2 mile radius Stabilization Projected within 24 months of C of O Estimated Break Even Point – 20 months from Purchase

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Summit Storage Center
Portfolio of Past Sales

Summit Storage Center

High Investment Upside Net Rentable SF 49,600 Unit Occupancy 73.5% Economic Occupancy 59.7% Proforma Cap Rate 8.3% Highly Visible & Convenient Location No Tenant Insurance Program No Merchandise Sales Excess Storage Demand of 181,000 SF in 5 mile radius

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Sold For $647,500.00
Portfolio of Past Sales

U Store It

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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 […]

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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 […]

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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, […]

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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 […]