Self Storage Facility Investing
You re about to discover why investing in self storage facilities can be so profitable how to find good deals the 3 main types of self storage properties the 2 ways these deals are structured how to find funding for these properties the 2 most common myths and perhaps most.
Self storage facility investing. Investing in self storage facilities self storage businesses. Self storage investing is one of the youngest and fastest growing forms of commercial real estate. In this article we look at self storage facilities a fast growing sector that has taken advantage of a growing market of persons needing to store excess household items. Most have conservative balance sheets.
Self storage facilities vary in size quality and construction. Self storage real estate investment trusts reits are low risk investments in many ways. There are a lot of simple inexpensive value adds. Self storage investing can be a great way to obtain tremendous cashflow without the headaches of tenants or toilets.
Self storage investing has been around for decades but over the past few years this niche of commercial real estate investing has grown in popularity now with over 1 7 billion square feet in an. And self storage facilities tend to be cheap to build maintain. For example adding truck rental can increase income a few thousand dollars on a self storage facility. In this article we will provide an asset class overview highlight recent changes in use discuss low minimum options for investing in self storage and conclude with thoughts on how investors can use this information to make informed investment decisions.
The self storage association estimates there are about 49 000 primary self storage facilities totaling 2 6 billion square feet of storage space and generating approximately 32 billion in revenue. Commercial real estate is made up of several different kinds of property types.