If you're interested in either buying or selling self storage, one of the crucial parts of the process that needs to be navigated is what's called Due Diligence. In the world of residential real estate, this isn't really a thing (though there are often physical inspections). In the commercial real estate world, due diligence encompasses the...
It's safe to say, more and more business is driven online everyday. Everyone (including our customers) has access to the internet in a way that they never have before. In fact, almost everyone in the US carries around a mini computer in their pockets (i.e. smartphones) with 24/7 internet access.
Self storage can be a fantastic business and many owners stay in the industry for years. However, there comes a time when owners will want to sell self storage businesses and it's important to plan appropriately for such an event.
If you're at a point in your life or career that you're considering selling your self storage or mini storage facility, it's important to weigh your options. This is a huge financial decision and not one that should be taken lightly when being evaluated. When selling your mini storage you'll have two main options to pursue.
