Off-market self-storage acquisition: 43-unit facility in Pembroke, GA.

[Julie Gates]

Investment Info:

Industrial industrial investment investment.

Purchase price: $225,000
Cash invested: $22,500

Acquired a self-storage property requiring improved management. Initially, the facility lacked visibility, with no Google recognition or online presence. Transitioned all tenants to a digital payment system and adjusted rents to align with current market rates. Achieved over 100% revenue growth within six months.

How did you finance this deal?

The acquisition was funded through seller financing. The buyer contributed 10% of the purchase price in cash and financed the remaining 90% directly with the seller at a 5% APR, structured over a 10-year term.

How did you add value to the deal?

Value enhancements included installing improved signage, registering the business on Google, and implementing an online payment system. Previously, the seller relied on paper invoices and check payments. Delinquent tenants were either brought current on rent or had their stored items auctioned off.

What was the outcome?

The property’s revenue increased from $1,738 per month to $5,245 per month, reflecting a 201.8% growth in income. Expansion plans for the facility are scheduled for implementation in 2025.