Whether you’re thinking about selling your self-storage property, looking to refinance or simply want to be better informed about your market, this report gives you insight to the revenue and operating costs of facilities similar to yours. The Self-Storage Custom Expense Report, prepared on demand by Colliers International Valuation and Advisory Services LLC, provides income and expense comparables based on a specific U.S. address provided by the customer. It offers a comparison against national data as well as metrics from real storage facilities that are as close as possible in proximity and type to your specified property.
Operating expenses are broken into nine categories including advertising, general and administrative, repairs and maintenance, offsite and onsite management, property insurance, real estate taxes, utilities, and reserves. The data includes a breakdown of how these costs are categorized, the impact of facility size and ownership type on operation, and income and expense details from six facilities hand-selected by Colliers to be the most comparable to your subject site.
With this report, owners of all self-storage property types can receive comparable facility data without having to rely on industry averages that are heavily impacted by national operation styles and may not factor in the unique aspects of your location. Visit the ISS Store for full product details.