Self Storage Criteria
Fixer-upper / Value-add deal (increase rents, expansion on existing land)
Target Stabilized Yield To Cost 8%+
Target Stabilized Yield To Cost 8%+
SIZE
20k+ sf with room for expansion
TRAFFIC COUNT
10k+ traffic count
Age
Built after 1980
POPULATION 1 MILE
10,000+
MEDIAN HOUSEHOLD INCOME
Average $50k+
TYPE
Single story drive-up or multistory is preferred
MARKET RENTS
$10+/sf Average Gross Rents
POPULATION 3 MILES
30,000+
DEMOGRAPHICS
1% growth in population per year
POPULATION 5 MILES
50,000+