Storage Unit analysis

[Dustin Brackins]

Hi, I'm brand new to BP so I'm sure this may have been asked before but her goes... I have an opportunity to purchase a 262 unit storage facility and can structure a deal with no money out of pocket. I'm trying to find the right purchase price however they have an almost 30% vacancy/delinquency rate. Average in my area is around 5-10%. Does anyone have insight on what performance indicators I should be looking for? This would be my first storage facility, my other un its are a mix of commercial and residential. Thanks for the help, Dustin!