• Understanding Cap Rates
    "Capitalization rate,” or “cap rate,” is one of the most misunderstood terms in the self-storage business. I always feel a bit uncomfortable bringing up the subject of cap rates when discussing the sale of a property with its owner. I don’t know ...More
    February 1, 2004 Bill Alter Posted in Articles, Finance
  • Whose Cap Rate Is It?
    Buyers and sellers of investment real estate are always looking for ways to measure their most recent acquisition or sale. Some buyers will use an industry rent multiplier to see if their property is in the range of 5.5 to 7.5 times gross collected rents. Some will compute ...More
    February 1, 2004 Nicholas Malagisi Posted in Articles, Finance
  • Self-Serve Wash, Self-Storage, Self-Doubt?
    Self-storage and car-washing are two of the fastest-growing business opportunities today—opportunities that are still within the reach of most investors. In the past few years, the incentive for professionals to start their own companies has been overwhelming. I experienced ...More
    February 1, 2004 Fred Grauer Posted in Articles
  • Measurement Eliminates Argument
    Measurement Eliminates Argument By Fred Gleeck I have a sign hanging in my office that reads, “Measurement Eliminates Argument.” Without measurement, business decisions are made without context. If I were to try and teach you to shoot a bow and arrow, for example, I would ...More
    February 1, 2004 Posted in Articles
  • Here Comes the Flood
    As winter snow melts and spring months deliver frequent rain, floods become one of the most common natural disasters experienced by residences and businesses. In addition to excess waterfall created by seasonal changes and weather, drainage-system failure, inadequate dams ...More
    February 1, 2004 Amy Brown Posted in Articles
  • Determining Facility Value
    What is your selfstorage facility really worth? There are a number of reasons an owner might want to know the answer to this question. You may be thinking of selling, or maybe you are doing some estate planning. Regardless of the reason, the methodology of determining your ...More
    February 1, 2004 Bill Alter Posted in Articles
  • The Great Battle
    It is an age-old question among real estate investors: “Where do I put my money?” The self-storage industry has only recently been invited into this competition for comparison with stately shopping centers, glass and chrome office buildings, amenity-rich apartment ...More
    February 1, 2004 Michael L. McCune Posted in Articles
  • Working With a Broker
    Self-storage is possibly the most unique sector of commercial real estate. Unlike office, retail, industrial or multifamily investments, it primarily operates by occupants leasing space on a month-to- month tenancy. The lack of tenant improvements needed to lease space and ...More
    February 1, 2004 Rob Schick Posted in Articles
  • Crossco Lift Inc.
    Although the company is just over a year old, Crossco Lift is rapidly developing as a major provider of vertical reciprocating conveyors (VRCs) designed specifically for self-storage applications. Established in 2002, the La Verne, Calif.-based company serves clients ...More
    February 1, 2004 Elaine Foxwell Posted in Articles
  • Supply & Demand
    The most recent buzz in the self-storage world centers around overbuilding and, in financial circles, market saturation. The real question seems to be: When and where has a market reached equilibrium in terms of supply and demand? What about square foot per capita? This ...More
    February 1, 2004 RK Kliebenstein Posted in Articles, Development