GREAT INVESTMENT OPPORTUNITY!This property features 27,000 SF of prefabricated metal building with 475 climate controlled self-storage units, plus an additional ±15,000 SF of covered RV, boat, and vehicle parking units.
Owners who take the time to prepare a self-storage facility for sale will find that it can pay big dividends.
The three main areas to focus on are enhancing revenue, cleaning up expenses and improving curb appeal.
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.
Another important step is to remove delinquent tenants – get them paid up or get rid of them, said Joan Lucas, owner of Joan Lucas Real Estate Services in Denver, CO. Owners also should get financial statements in order. Buyers typically request 12 to 24 months of trailing income and expenses. Sellers also need to clean up their expense reporting, including clearly identifying any expenses of a personal nature, such as the owner’s cellphone bill or car payment. Making cosmetic changes to a property might not enhance the value of a property, but those changes oftentimes can help a property sell more quickly.
Ask a friend to walk through the property and have him or her tell you what kind of cosmetic changes should be made, Lucas said. 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. In addition, a seller should be ready to provide any other relevant documents, such as a property survey or an environmental report.
If the seller as an existing loan on the property, he or she should know the details of the loan, such as whether it’s assumable or whether it requires defeasance or a prepayment penalty.
Some properties might be ready to list tomorrow, while others might need work that can take weeks or even months. Instead, de Jong gave him a list of recommendations to carry out before bringing the property to market. 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. Get our free white paperThe Four Pillars of Profitable Self-Storage Management is an in-depth resource that empowers facility owners and managers to get more out of your business and stay ahead.
The information contained herein has been obtained from third parties and we cannot guarantee the accuracy or completeness of the information.
The self-storage real estate investment trusts (REITs) are in the market for storage facilities, but before you put your business up for sale, make sure you’ll be getting your property’s full value. REITs often deal in cash and can complete their purchases quickly, according to Mel Holsinger, owner and president of Professional Self Storage Management LLC.
While cashing out of your business may sound appealing, be sure you’re looking out for your own best interests. Holsinger said the best way to get top dollar is to hire an experienced real estate broker. Once you hire a broker, you’ll need to provide him or her with records that establish your facility’s annual income. While you should be cautious about investing time and money in a property you plan to sell soon, upgrades sometimes can add market value, said Jerry Jones, a CPA who works with self-storage facilities. Arizona real estate broker Bill Alter said the average unit size can be a factor in determining the sale price.
Not only is self-storage hailed as a “counter-cyclical” property type, but the fundamentals are also intrinsically strong. Self Storage Units covers several topics you need to know when it comes to protect your personal or business belongings, check different types of units, self storage for rent, for sale, Associations, even auctions.
There can be many reasons private people and businesses need to store goods away to be used at a later time. Self storage businesses lease a variety of unit sizes to residential and business customers, known as tenants. Storage companies will generally provide an estimate of the cost of renting self storage units, by request. Mini Storage - Mini Self Storage for those that don't need lot of space to store their belongings.
Portable Units - Portable Storage Units are becoming an alternative to regular self service storage, companies offering these units deliver the storage unit to your home or whatever location you need.
Self Storage Companies - Self Storage Companies offers personal and business users a storage solution that they can basically control themselves. Storage Units for Rent - Storage Units for Rent has useful tips about self storing, storage warehouses and facilities and how the process works, also links to several online directories for storage units in US, Canada, UK, Australia and Asia. Self Storage UK - Self Storage UK listings and information about several companies offering self storage solutions in Great Britain.
Boat and RV Storage - Boat and RV Storage for those who need to store their big toys for a while, when not traveling. SSA - The National Self Storage Association (SSA) was founded in 1975, it represents thousand of companies in the United States that own, operate or manage lots of storage facilities. Cold Storage - Cold Storage Warehouse facilities for those who need to store goods at cold temperature controlled, or on a refrigerated environment. Self Storage Auctions - Self Storage Auctions are auctions offer by the self storage companies over the items of a tenant who fails to pay them montlhy rent. Cheap Units - Cheap Storage Units could be really hard to find, because when doing an online search, most of the storage companies don't show you the rates until you call them, We did the work for you and listed some cheap storage units.


Commercial Units - Commercial Storage Units will help you resolve your storage needs if you need extra space to store your business goods, and to cut expenses in these days of economic crisis.
Indoor Units - Indoor storage units coould come in all sizes, from small lockers to large garage spaces to store your vehicle. Safe Storage Oakland is a state-of-the-art self storage facility located in south central Oakland, California. Based on past personal experience and the experience of friends, we were overjoyed to find helpful and caring employees at Safe Storage. The Town of Arnprior Fire Department is requesting tenders for the purchase of Structural Firefighting Bunker Gear. The Municipality of Mississippi Mills is accepting quotations for Mechanical Street Sweeping within the Almonte Ward, Rural Subdivisions and Villages.
Tenders will be opened, in public, at the Public Works Building immediately following closing. Tender forms may be obtained from the office of the Township of Horton located at 2253 Johnston Road, Renfrew.
A public tender opening will be held that night at the regularly scheduled meeting of the Council. The lowest or any Tender will not necessarily be accepted and the Township reserves the right to award any portion of this Tender.
Forms of Tender may be obtained at The Corporation of the County of Lanark Public Works Building (no fee required). A certified cheque or bank draft not less than the amount specified in the tender requirements must accompany each tender and the successful bidder will be required to provide a 100% performance bond and 50% materials and labour payment bond upon execution of the contract agreement.
Companies that wish to submit a tender for this contract must register with the Department in order to receive the tender documents and to be eligible to submit a tender. Electronic PDF files of the plans, specifications and tender form are free of charge for registered bidders. Hard copy plans, Specifications and Tender forms may be obtained from the Department for a non-refundable fee of Fifty ($50) Dollars. This project in part is undertaken using funds provided by the Government of Canada through the transfer of  Gas Tax Revenues and in part funded by Ontario Community Infrastructure Fund.
This project is undertaken using funds provided by the Government of Canada through the transfer of Gas Tax Revenues. Hard copy plans, Specifications and Tender forms may be obtained from the Department for a non-refundable fee of Fifty ($50).
Hard copy plans, Specifications and Tender forms may be obtained from the Department for a non-refundable fee of fifty ($50) dollars. The Township of Greater Madawaska is currently accepting tenders for a Used Motor Grader and Related Attachments. For a list of community events taking place, please click here for the latest 101 Things to do in the Valley.
The Renfrew County District School Board (RCDSB) is issuing a request for tender for fire alarm replacements at various RCDSB locations.
Bidders are required to confirm their intent to attend each job showing at least 24 hours in advance. The Renfrew County District School Board reserves the right to accept or reject any or all submissions.
The Request for Tender documents are available by visiting the RCDSB Bids & Tenders webpage here.
Including the implementation of a phosphoric acid feed system, to be completed by December 1st 2016, at the latest, and the modification to the existing soda ash feed system, to be commenced no sooner than January 1st, 2017 and to be completed by December 1st, 2017 at the latest. Tender documents are available at the Municipal Office (2253 Johnston Road, Renfrew, ON  K7V 3Z8).
The Township of Greater Madawaska is currently accepting tenders for Granular M Material - LimeStone Source Fraser Road. The Renfrew County Catholic District School Board invites qualified contractors to tender for window replacement and exterior wall upgrades. A mandatory site visit for all bidders will be held on Thursday, May 5, 2016 at 3:30 pm local time at Our Lady of Lourdes Catholic School, located at 535 Irving Street, Pembroke, ON. Tender security requirements include bonding or tender deposit, as described in Tender Documents. A CD with documents may be obtained from the Renfrew County Catholic District School Board. The Township of Greater Madawaska is currently accepting tenders for Granular M Material - LimeStone Source Matawathan Road. The Ottawa Valley Waste Recovery Centre is currently accepting tenders for Bulky Waste Processing (Grinding). The Township of Brudenell, Lyndoch and Raglan is currently accepting tenders for the supply and application of Single SurfaceTreatment on Keller Road - 2.8 km.
The Town of Perth is seeking proposals from qualified respondents for the Redesign and Support of our Town website.
The Renfrew County District School Board reserves the right to accept or reject any or all submissions. Tender forms must be picked up at the Municipal Office - 477 Stone Road, RR 2, Renfrew, ON. Tay Valley Township is accepting Tenders for the Rehabilitation of Muttons Road (250 meters), and Norris Road (185 meters). Tay Valley Township is accepting Tenders for the Rehabilitation of Clarchris Road (850 metres). House hunters looking for a spacious country getaway with easy access to the A11, picturesque environs and explosives 
storage capabilities need look no further.
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If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment. Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more. Maximizing revenue should be at the top of the list, as revenue stream has the biggest effect on property value. So they should take a look at when the last time was that they raised existing tenant rents,” said Tom de Jong, a vice president at Colliers International in San Jose, CA. Buyers will discount delinquent tenants who are being carried on the books because they assume they’ll need to remove those delinquent tenants, which ultimately will reduce the occupancy. 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. This white paper identifies major trends and best practices in rate management, occupancy analysis, rental contracts and profit management. Holsigner works with self-storage facilities in California, Arizona, Texas, New Mexico and Colorado. Here’s a checklist of five things small owner-operators should do before selling their self-storage facilities to REITs or other investors. A good broker can help you determine what your facility truly is worth and how best to market it. If they don’t think your records are accurate, your chances of selling to them will plummet.
Take stock of your facility from a buyer’s perspective, looking at all the pluses and minuses.
Due to the unique nature of self-storage rental agreements, it is relatively easy to increase tenants’ rents, and thereby increase cash flow. Read about this business, links and a list of Self Storage companies from around the World.
There are open and covered storage units, and most of the Self storage facilities offer these kind of units. The combination of our amenities and our team provide a convenient, comprehensive approach to the storage process, offering excellent customer service and the features you need to get the job done quickly and efficiently.
We had made a reservation at a different place only to find out that they did not have the space that was reserved on line nor the second option that someone call to say we could have, and told us that it would take a month to get our money refunded!
Very positive attitude.The place is clean and prices are great, I am very happy with my choice. The lowest or any tender will not necessarily be accepted and the County reserves the right to award any portion of this tender. Hard copy plans, Specifications and Tender forms may be obtained from the Department for a non-refundable fee of fifty ($50) Dollars. Check out amazing products and services available in Downtown Pembroke, as well as from local Chamber of Commerce members. This presentation explains in simple terms what Workplace Safety & Insurance is and the legislation behind this compulsory workplace insurance. There is a mandatory site meeting for both the Bidders and their mechanical subcontractor on this project on March 24th, 2016, at 10:00 am.
Addenda will only be issued to those general contractors who have picked up the CD directly from the Board Office. Interested respondents must submit their proposals in sealed envelopes marked Website Redesign and Support, to Shannon Baillon, no later than Friday March 18, 2016.
Bidders will meet at General Lake Public School, Garrison Petawawa, 1900 Borden Avenue, Petawawa, ON. 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.
Are rents on the low side, and is there an opportunity to raise rents to be more on par with the market before listing the property? Are expenses for marketing, administration and repairs in line with market norms? Most buyers take a hard look at expenses to see if an owner is cutting corners or whether there’s any “fluff,” de Jong said. For example, tenants in residential neighborhoods typically want units around 110 square feet, he said. Also, unlike other real estate asset classes, self-storage operators do not need to worry about tenant improvements or leasing commissions.
If youa??re in the market for a little bit of extra space, then you wona??t want to pass up Safe Storage Oakland. I found Safe Storage late that night and when I called was assured that the size we needed was available and there were no hidden fees.
Vendor spaces are open only to Pembroke Business Improvement Area and Upper Ottawa Valley Chamber of Commerce members. Holsinger recommended interviewing at least three independent brokers and asking each of them to come up with the potential market value of your facility.
If the provisions are triggered, the buyer must pay the MOD the equivalent of 50pc of any uplift in value.Anyone interested in buying the site must submit their a€?tender no later than noon on February 27.Have you seen an unusual site on the market? Residents of San Leandro, central Oakland, Redwood Heights, and Piedmont, California can just hop on this thoroughfare and get to us in no time.
Wea??re near the Fruitvale Station, Lazear Elementary School, and down the street from the Alameda County Sheriffa??s Office. Come on over and visit to see our drive-up accessible, fully fenced and gated, 24-hour video surveillance facility.



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