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Updated over 5 years ago,

User Stats

5
Posts
1
Votes
Tyler Cote
1
Votes |
5
Posts

purchasing self-storage facility

Tyler Cote
Posted

Hi - I'm about to sell one investment property to purchase others. I'm intrigued by the concept of self-storage facility investments. Ideally, I'd like to get my feet with by buying out a smaller mom and pop facility in the southern New England area.

Two challenges:

1. I'm looking in price range of $600-750k. All of the facilities I've seen listed are significantly more expensive. 

2. I see very few listings on loopnet for self-storage facilities. I'm unsure if inventory is this low, or whether I'm not looking in the right place(s).

Looking for feedback on how on how to more effectively look for a foothold in this market. Thanks in advance!

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