The process of buying or selling a self-storage facility has become more rigorous as markets have become increasingly competitive and changes in the economy impact property value. Owners and investors looking to acquire need to understand the investing process including due diligence, capitalization rates, appraisals and valuation methods.
With interest rates holding steady, it’s a great time to consider refinancing your self-storage loan. Here’s an overview of the many lending options available to facility owners and the pros and cons of each.
Self-storage properties are constantly changing hands, and Inside Self-Storage is regularly notified of these market transactions. Many are covered in detail on the ISS website and available for viewing on the “Acquisitions and Buying” topics page...
Phoenix-based U-Haul International Inc., which operates more than 1,500 self-storage facilities across North America, has acquired two neighboring Sunny’s Self Storage facilities in Newfield, N.Y. Together, the properties at 1273 and 1399 W. Danby...
The Jewett Family has purchased 180 Lafayette Road in North Hampton, N.H., which includes Route 1 Self Storage as well as three retail buildings and other structures. The property is part of the North Hampton Industrial Park...
A lender’s decision to loan money to a self-storage owner, developer or investor isn’t based on rocket science but rather a few key principles. Learn how the 5 Cs—character, capital, conditions, collateral and cash flow—are used to determine your...
