Self Storage Facility Investing

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.

Self storage facility investing.

Most have conservative balance sheets. Self storage facilities vary in size quality and construction. From virtual non existence before 1970 the industry has grown to over 58 000 self storage facilities in the u s. Commercial real estate is made up of several different kinds of property types.

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. Self storage real estate investment trusts reits are low risk investments in many ways. The strategy now is to buy mom and pop owned facilities upgrade them increase the income increase the value then refinance or resell it to an institutional investor. And self storage facilities tend to be cheap to build maintain.

There are a lot of simple inexpensive value adds. 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. For example adding truck rental can increase income a few thousand dollars on a self storage facility. Self storage investing can be a great way to obtain tremendous cashflow without the headaches of tenants or toilets.

Self storage investing is one of the youngest and fastest growing forms of commercial real estate. Investing in self storage facilities self storage businesses.