Self Storage Units For Sale
When a group of six self-storage facilities came up for sale in May, the bidding became ferocious. More than a dozen investors made offers for the properties located in Northern New Jersey, New York City and Long Island, N.Y.
The winning bid came from Storage USA, a unit of General Electric, which paid $70 million for a capitalization rate of about 7%. While the price was steep, brokers say the sale was particularly noteworthy because of who was bidding. Self Service Storage Industry.
Of the contenders, eight were pensions and other big buyers who had never owned a storage facility before. “I have never seen so many institutional offers,” says Aaron Swerdlin, the Houston-based director of the storage group for CB Richard Ellis, the broker that represented the seller.
So, just what is self service storage industry, self storage offers both personal and business users a storage solution that they can basically control themselves. As with more traditional storage methods, self-storage allows you to rent storage space where you can keep goods and belongings in specialist self service storage industry facilities. In the past, we have had to rely upon removal companies and large storage organizations to store on our behalf and have had to play by their rules with limited access, no flexibility, long-term contracts and high charges. With the advent of self-storage, we’ve been given a lot more choice. It’s ‘Do It Yourself’ storage.
Recognizing that many consumers and businesses need more control over what, where, when and how they store the self service storage industry has evolved into a cost-effective, flexible and secure storage alternative. The self-storage space you rent will be self-contained and fully enclosed and can vary in size according to your specific needs – you could be looking at as small a space as a closet through to a unit big enough to store your boat, the entire contents of your house or extensive business archives. Self Service Storage Industry.
Climate Controlled Self Storage – Just because your belongings are stored in a clean, dry space doesn’t mean they’re completely protected from the elements. Your stuff can bake or freeze in a storage space the same as items that are sitting in the car parked in your driveway. Climate Controlled Self Storage.