We are interested in existing self storage sites of 35,000 NRSF or more in The United States. Any markets with rental rates of $1/sf/mo or better and 30,000 people in a three-mile area. Any vintage. All drive-up storage units, or all interior storage units. Single story or multi story. It's all good.
We have a great reputation for a straightforward process, and for keeping good communication going with the seller.
It is very easy to see if we want to buy your site or your portfolio. Simply email the name of the store(s) with the website url(s) to firstname.lastname@example.org and include a few simple items for each site:
-a 12 month trailing P&L.
-the most recent 2 month-end management summary reports from your store software.
-a unit mix report showing rates and occupancy.
-your most recent real estate tax bill.
And tell us:
-a range you'd like to see for a valuation.
-any thoughts on how you'd like to structure a deal.
It's always a great time to sell to us!
We can buy your site with all cash. We can do a lease-to-buy. We can set up a phased buy-out. We can purchase some or all of the shares of the LLC that holds the property and the business. We can buy out existing partners and leave your shares intact. We can take over management of the property with the first right of refusal on a purchase. If you'd like to owner-finance, we can do that too. Or maybe you have another idea?
Let's start a conversation and see what works best.
Maybe you are buying a site, developing a site, or doing a conversion and want an equity partner with a wide skill set? Let's talk about that.
Who doesn't like buying a stabilized asset? We sure like that. But sometimes a distressed asset makes sense. Often times a newer site that is still in lease-up is very attractive. Sometimes the numbers work on a Certificate of Occupancy deal on a new development or a conversion. There is almost always a range where the buyer and the seller can make the numbers work.
Contact us and let's start a conversation.
Contact us before you start looking and we can help you make good decisions about your self storage acquisition strategy. One self storage acquisition strategy can differ from another quite a bit depending on investment goals, prior experience, plans for management, and partnership arrangements.
We've formed joint ventures and done co-investing with people in the past. We are open to the many possibilities that come from early conversations with people interesting in starting or expanding a self storage portfolio.
Our self storage acquisitions group is looking for existing self storage properties for sale in all the lower 48 United States and Hawaii. We have a very good reputation for a straightforward process and uncomplicated closings.
We can come up with a valuation range without much drama.
All we need to see in order to evaluate a self storage acquisition is
-a trailing 12 month P&L
-the most recent 2 month's month-end management summary reports
-a unit mix report, and
-your most recent real estate tax bill.
Don't take another step without ordering a market study or feasibility report. Depending on where you are in the process, and what sort of analysis you've already completed, you might want to do a Quick Look Study to start, or one of the more comprehensive studies.
Any self storage acquisition is full of opportunity and risk. Let our consultant help you evaluate and balance the self storage acquisitions opportunities and risks.
If you don't have a specific site in mind, but are interested in self storage acquisitions in a particular market area, we can help. Order one of our market studies or reports from our consultant and make sure that the area where you are looking provides a high probability of success. Many a self storage acquisition has gone sour because proper analysis did not happen early in the process.
Our team has worked on some of the biggest and most interesting self storage portfolio dispositions in the industry. A good self storage acquisition plan includes a variety of good options for disposition. We can help you formulate your plan. and advise you along the way.
We have the capital and the ability to be the buyer of your portfolio, too. Let's talk. Our consultant can help make your self storage acquisitions profitable for you.
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