Storage Facility with a Great Location

[Brandon Michael]

Investment Info:

Other commercial investment investment.

Purchase price: $535,000
Cash invested: $110,000

86 Storage Units & a 1,000 SF Office

What made you interested in investing in this type of deal?

Storage is my favorite asset to invest in these days.

How did you find this deal and how did you negotiate it?

Agent sent this deal via email. Got into a bidding war and lost. The property was under contract for 60 days, then fell through and came back to us.

How did you finance this deal?

We went with a bank loan, where they financed 80% of the deal.

How did you add value to the deal?

Added renter to the commercial office and marketed the facility better to drive up occupancy.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Matt Rosendale with Lindsey Self Storage Group helped put this deal together and did a fantastic job!