You are here:
Commercial Real Estate Investment/Storage units
Advertisement
Question
Interested in purchasing, or building self-storage units. The big problem is where? Any advice on what to examine in an area to determine a need for a self-storage facility. What should I expect to pay per unit if it's already built?
Check demographics for rented residential (houses, townhouses, apartments) in the market and age distribution. Renters usually do not have adequate space. Per unit value depends upon occupancy history, rent comparables from competing projects and what your lender wants to see and you want to see as a cap rate on the investment.
Related Articles
Commercial Real Estate Investment
Answers by Expert:
Peter Liebert, SIOR
Expertise
Industrial and suburban office transactions. Crane served and rail served faclities. Build-to-suit projects for distribution, manufacturing, r&d and general purpose use. North America and overseas experience for corporate entities.
Experience
Over 30 years of commercial experience. Eastern United States,including Florida, Bahamas, Central America.
Organizations
Society of Industrial & Office Realtors. Tristate Commercial & Industrial Association of Realtors (past President). Team Pennsylvania-Ambassador.
Publications
Tristate C&I Quarterly Report
Education/Credentials
Univ. of Pennsylvania (2 years), Villanova Univ. '69
©2012 About.com, a part of The New York Times Company. All rights reserved.