Storage unit facility

[Susan Griffin]

How do you determine the value of a storage unit facility?  What are the pros and cons of owning and operating?  Any comments or information would be greatly appreciated. 

[Michael Wagner]

Originally posted by @Susan Griffin:

How do you determine the value of a storage unit facility?  What are the pros and cons of owning and operating?  Any comments or information would be greatly appreciated. 

 Hi Susan,

Storage can be a phenomenal investment. Storage facilities are valued based on NOI. That is to say that they are worth a multiple of the Income the generate. The multiple will be market specific but generally speaking class B and C storage facilities usually sell for 8-12 times the NOI (More for class Class A facilities in major cities). You might consider using the search feature on BP which will allow you to tap into the forums, blogs and conversations that already exist to increase your knowledge about self storage. Doing so will allow members to assist you without having to re-type that which has already been written:) From there you can reach out to this wonderful community with more specific questions that might be more readily answered.