Inside Self-Storage

Due Diligence

Proactive Steps Self-Storage Owners Can Take to Prepare Their Facility for Sale

After weighing the positive reasons for selling your self-storage facility against the challenges and risks, you’ve decided now’s the time. So what next? The following suggestions will help facility owners ensure their facility sells to the right person for the right price. ...More
February 23, 2013
Posted in Articles, Real Estate
Retrofitting a Building Into Your Dream Self-Storage Facility: A Guide for Intrepid Souls

While retrofitting a building into self-storage can be a rewarding and successful project, there are also many pitfalls to avoid. Learn how to steer clear of stumbles and think about retrofitting in a more critical way. ...More
July 20, 2012
Posted in Articles, Construction, Development
Sounds of Storage Podcast: Jim Chiswell Chats About Big Industry Changes, Self-Storage Feasibility, ISS Expo

Self-storage veteran and consultant Jim Chiswell is the latest guest on the Sounds of Storage podcast. Kicking off the podcast's new "Speaker Series," a platform for some of the most informative and engaging presenters of the upcoming Inside Self-Storage World Expo, Jim ...More
December 21, 2011
Posted in Articles, Development
StorageVault Signs Agreement to Acquire Calgary, Alberta, Self-Storage Facility

StorageVault Canada has entered into an acquisition agreement of purchase and sale for a self-storage facility in Calgary, Alberta. The aggregate purchase price is about $2.96 million. ...More
November 3, 2011
Posted in News
Due Diligence for Self-Storage Sellers: Verifying Buyers' Ability to Close the Deal

There are thousands of purported buyers of self-storage out there, and most of them are honest and capable. But a property listed for sale is also likely to attract the attention of many unqualified “investors.” Read on for tips to help qualify true self-storage investors. ...More
May 22, 2011
Posted in Articles, Finance
The State of Idaho’s Purchase of a Self-Storage Facility: The Chilling Conclusion, Part I

A month after the state of Idaho purchased a self-storage facility, many questions remain. Here's a closer look at the state's response to industry outrage and opposition, plus an analysis of the state's answers. ...More
December 8, 2010 By Matthew Van Horn
Posted in Blog, Legal Issues, Real Estate
Assembling Due-Diligence Documentation: Self-Storage Sellers Facilitate the Close With Detailed Financial Records

Financial records for self-storage properties must corroborate and confirm adequate cash flow, steady occupancy, comparable market strength, and historical financial stability. Without these general factors intact and certifiable, the buyer’s ability to secure financing is ...More
December 3, 2010 By Stephen Grossman
Posted in Articles, Finance, Real Estate
Self-Storage Due Diligence: Seller Tips for Inspection, Financing and Closing

Conducting effective financial due diligence will help buyers and lenders structure a strategic transaction and avoid costly mistakes. Real estate purchases that look good on paper sometimes have hidden problems that are only brought to light when the buyer looks below the ...More
December 30, 2009 Stephen Grossman
Posted in Articles, Finance, Real Estate
An Overview of Self-Storage Exit Strategies: Careful Planning for Leaving a Business

Just as starting a successful business requires planning, hard work and a little luck, so does leaving it. Here are some common methods self-storage owners can use when the day comes. ...More
December 12, 2009 John E. Barry
Posted in Articles, Finance, Real Estate
Got Dirt? Adding Space to an Existing Self-Storage Facility

Owners of established self-storage facilities shouldn't make the mistake of thinking there may not be due diligence to be done before adding on to an existing site. There are obstacles to overcome when you start new construction at a location where business has to go on as ...More
June 6, 2009 Bruce L. McCardle
Posted in Articles, Construction, Development, Real Estate

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