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Updated almost 6 years ago on . Most recent reply

User Stats

58
Posts
7
Votes
Tyler Rusomaroff
  • Flipper/Rehabber
  • Jacksonville, FL
7
Votes |
58
Posts

Self Storage- Difficult Seller

Tyler Rusomaroff
  • Flipper/Rehabber
  • Jacksonville, FL
Posted

Hey BP I am running into a problem that I'm sure MANY of have already dealt with. I am looking to purchase a self storage facility but am having a difficult time finding the unit mix. I had to sign an NDA to get the information released, however it does not have the unit mix on it. I spoke with the listing agent about it and he said that he is not sure about the mix and that the owners are difficult to get information from. 

So I called the facility to try and find out some more info.

She told me they have:

5x5

5x10

10x15

10x20

But she would not tell me how many of each or give me any sort of breakdown whatsoever of the mix.

How do I get around this?

Am I allowed to go to the property to try and figure out the mix myself?

I am not sure what I am legally allowed to do after signing the NDA.

I would love any form of advice or tips you guys have

Thanks!

Most Popular Reply

User Stats

507
Posts
347
Votes
Adam Johnson
  • Rental Property Investor
  • Holley, NY
347
Votes |
507
Posts
Adam Johnson
  • Rental Property Investor
  • Holley, NY
Replied

Many facilities guard this. You may not know that detail until after the contract is written. Write in for a due diligence period that allows you to escape the deal if you don't like the mix. In fact, the due diligence clause should be kind of vague, except for the duration.

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