If you are considering entering the self-storage industry or expanding your portfolio but are not looking to build a brand new facility, a self-storage acquisition may be your answer. Self-storage acquisitions are often less time-consuming than ground-up construction projects because they involve the purchase of an existing self-storage business that has a local presence and customer base and that is already generating revenue.
The location, visibility of the facility and competition will determine what changes you might want to make once you take ownership. How you operate, market and improve your business will ultimately determine your bottom line. Our team of self-storage financing experts will look at your business plan and guide you to help you make decisions that will most benefit your facility and your business. Here’s what you can expect during the self-storage acquisition loan process: