Thinking about expanding or investing in a specific market? 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. The report offers a comparison against national data as well as income and expense metrics from actual self-storage facilities as close in proximity and type to the subject property as possible. 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.
Whether you’re thinking about putting a property on the market, looking to refinance, or simply want to be better informed about your market or region, this report is designed to help you be a savvier negotiator and gives you an inside peek into the operating numbers of real facilities similar to yours. It includes:
- A breakdown of how operating expenses are categorized
- The impact facility size and ownership type can have on operations
- Income and expense data from six facilities hand selected by Colliers as the most comparable to the property information you provide at the time of purchase
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.