Self storage is a retail business so there are lots of things to know and tricks of the trade when it comes to managing these properties.It’s a simple business and can be very lucrative but you do need to know the business.

Richard that is why you get a commercial buyers broker who specializes in NNN leases and retail property.

Home was initially purchased as a package deal with 462 Hull Ave, and was pre-sold to a retail buyer before completion What made you interested in investing in this type of deal?

That is where it is very clear if someone took that money and invested it, then it would make enough to pay to rent a similar house and have additional money left over each year to reinvest that will far out pace the appreciation you would make from buying a home.

This offering enables us to meet the diverse needs of our customers, while keeping pace with the changing competitive landscape.

More retail going online only now. 

Do not pay retail prices at Lowe's, they are struggling and will work with you on price.

I work on 10 year term, 25-30 year amort, fixed rate non recourse deals for multifamily, office, retail, industrial, self storage, manufactured housing, hotels, etc.

It does depend on the market but if you think market is growing I don’t see buyer market happening anytime soon given the amount of inventory and pace of building.

This implies purchase is not for less than retail but it also likely implies that exit paths do not include an easy sell of the RE.