Top 12 Reasons to Invest in a Storage Facility

1. 1. The recession-resistant business that’s isolated from economic cycles:
2. 2. Recurring monthly revenues: and the revenue is spread over several units so you always get cash flow
3. 3. Can’t be phased out by technology: Most companies need to store documents, equipment, etc.
4. 4. Typically have good occupancy: Look for areas where average occupancy is 80% and average 10x10 unit rents for $85 and that’s where you want to buy or build
5. 5. Not expensive to build or maintain: This is due to the simplicity of the structure of storage facilities
6. 6. Can be developed in undesirable locations (next to an airport, railroad, etc.)
7. 7. 60% of occupants live within a five-mile radius. This is important so make sure you have good traffic and decent average income within a 5-mile radius
8. 8. Most customers find your facility because of signage
9. 9. Easy to evict non-payers (each state is slightly different but it is much less cumbersome than evicting occupants from an apartment building or a mobile home park)
10. 10. Simple to manage – It is mostly automated
11. 11. Many opportunities for ancillary income
12. 12. Offer massive income potential based on added revenue opportunities from bigger units, to antennas on roof to hauling and trucking services, etc

We offer coaching to anyone interested in buying or building storage facilities and have many success stories from graduates who enjoy this type of commercial property.

Wishing you the best investing,

Cherif Medawar