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Updated over 4 years ago, 09/23/2020

Jason Vandermark's profile image
Jason Vandermark's profile image
Jason Vandermark
  • Rental Property Investor
  • from OH
  • Member since Oct 11, 2014
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User Stats

60
Posts
8
Votes
Jason Vandermark's profile image
Jason Vandermark's profile image
Jason Vandermark
  • Rental Property Investor
  • from OH
  • Member since Oct 11, 2014
Connect
Jason Vandermark
  • Rental Property Investor
  • OH
8
Votes |
60
Posts
Commercial Real Estate Investing

Analyzing mini storage

Jason Vandermark
  • Rental Property Investor
  • OH
Posted

I’m looking at investing in a storage facility but would like some input on the numbers.

160 units mixed climate & non climate control

40 rv/boat spots

Gross rent(includes uhaul) 220,000

Expenses 129,000

NOI 81,000

The expenses aren’t verified and some items seem low. They only have 14,000 for payroll

What do you think would be a fair offer?

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