Self storage facilities for sale,metal buildings wood frame,how to build a garden shed from pallets,sheds to build yourself - Good Point

Published : 04.07.2015 | Author : admin | Categories : Garage Organization
Self storage facilities are a valuable enterprise, and AmeriBuilt Steel Structures can customize your storage facility to fit your needs. Owners who take the time to prepare a self-storage facility for sale will find that it can pay big dividends. The sale price depends greatly on the net operating income (NOI) of the facility. Owners can drive income with the addition of extra products and services, boost occupancies or consider raising rents if the market will allow it, MacManus said.
It is key to get the occupancy rate to about 75 percent to 95 percent before listing a property for sale, according to MacManus.
Components such as rental income, late fees, lien sales, insurance sales, truck rentals and merchandise sales all factor into the revenue stream.


When assessing a property for sale, de Jong surveys surrounding facilities before he lists the property to compare where that facility is vs. Owners should gather due diligence materials so that when an interested buyer or an offer comes along, the seller doesn’t waste any time in presenting a complete sales package to the buyer. Owners should consider working with professional self-storage brokers who can position their property for sale, as well as aggressively market the property to a nationwide array of qualified buyers, MacManus said. Welcome.The Storage Facilitator is the modern self-storage professional's destination for useful education, intriguing news, diverse expert perspectives, technology updates, and beyond.
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A buyer’s due diligence typically requires two years of profit-and-loss statements, property tax bills, management and occupancy reports for at least 12 months, and utility bills for 12 months. So the best advice is to consult with an experienced self-storage broker who can walk you through the requirements and suggest what needs to be done in to get a property ready for the market. Additional services or enhanced revenue of as little as $1,000 a month can result in an extra $100,000 for the sale price, said Mike MacManus, an associate at Marcus & Millichap in Atlanta, GA.



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