nspo Posted April 10, 2020 Share Posted April 10, 2020 Guys, looking for some insight here. My family and I own a 38k+ sq ft warehouse in the Northeast. That said, the environment has given us the opportunity to buy out our current tenant. This tenant operates a self-storage facility that's been rather successful for the last 20+ years. There are ~400 units, 70/30 split between 10x10's and 5x5's, pricing is from $65-$200 a unit/month, and current occupancy rests at 76%. These figures lead to roughly $120k in NI. While still in preliminary discussions, he's looking for about $250k for the business. My questions are: What's the PMV of such a deal (excluding land value, strictly the business)? How are storage facilities usually priced (based on NOI, FFO, FCF etc.)? And do the economics of this deal look appealing? Please add any experiences/advice. Thanks! Link to comment Share on other sites More sharing options...
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