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
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

Easton Public Storage

Property Highlights Include: 233 Units 22,175 NRSF 7.2% Cap Rate 72% Physical Occupancy 51% Economic Occupancy Room for Expansion Under Market Rental Rates No Tenant Insurance Program

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Portfolio of Past Sales

Kingston Self Storage

Property Highlights Include: 240 Units 32,355 NRSF Excellent Location off Route 3 86% Financial Occupancy 95% Physical Occupancy Management Upside

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Portfolio of Past Sales

Lock and Roll Self Storage

Property Highlights Include: 120 Units 6 Parking Spaces 13,300 SF 5,000 GSF Expansion Approved 97% Unit Occupancy 81% Economic Occupancy

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Drexel Hill Storage {
Sold For $465,000.00
Portfolio of Past Sales

Drexel Hill Storage

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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

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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 […]

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Preparing to Purchase a Self Storage Facility, Part 5:Due Diligence Items

When creating a Purchase and Sale Agreement, in order to purchase a self storage property, consideration for due diligence is extremely important. Without the proper documents and amount of time in place to evaluate a property, it is very hard to proceed with a sense of confidence in buying the property. On the other hand, […]