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Updated over 5 years ago,
purchasing self-storage facility
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!