Acquiring Self-Storage Facilities: How to Be a Better Buyer and Close the Deal
If you’re looking to buy a self-storage facility, there are some things you can do to ensure the best possible outcome, particularly if a property has multiple bids. Here’s how to be a better buyer and close the deal.
Marcus & Millichap Arranges the Sale of a Self-Storage Facility in Chicago MSA
Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Next Door Storage, a 58,100 square foot self-storage located in Crystal Lake, IL, according to Steven D. Weinstock, First Vice President / Regional Manager of the firm’s Chicago Oak Brook office.
Investors Gird for Storage Wars
A new bidding war is breaking out in real estate. The targets of attention aren’t luxury properties or waterfront land, but something far less fashionable: self-storage warehouses.
Extra Space To Buy SmartStop Self Storage
SmartStop Self Storage, Inc. said Monday that it has agreed to be bought by Extra Space Storage Inc. (EXR) for a total purchase price of $1.4 billion.
Should your facility offer moving trucks?
Many self-storage operators have contemplated offering trucks as a way to stand out amid the competition and boost revenue. However, should you buy or rent the moving trucks? What are the costs? How much work is involved? Should you offer free use of a truck with each move-in? How much money can you make?