Self Storage
Self storage facilities provide climate-controlled and drive-up storage units serving residential and commercial customers. These assets benefit from high tenant retention, month-to-month leases allowing for rent increases, and operational efficiency. Self storage properties typically feature high occupancy rates (85-95%) and strong cash flow margins.
High tenant retention and sticky tenancy supporting stable occupancy
Month-to-month leases allowing for frequent rent increases to market rates
Operational efficiency with minimal management requirements
Resilient to economic downturns as storage demand remains consistent
Focus Areas
- Urban infill storage conversions
- Suburban master-planned storage
- Boat and RV storage with ancillary revenue
Frequently Asked Questions
What makes self storage properties suitable for 1031 exchanges?
Self storage properties qualify as like-kind replacement property when held for investment. They offer stable, high-margin cash flow with minimal management requirements. Month-to-month leases allow for frequent rent increases to market rates, supporting income growth. The asset class has shown resilience during economic downturns.
How do you evaluate self storage properties?
We analyze occupancy rates, rent per square foot versus market rates, unit mix (climate-controlled vs. drive-up), location demographics, and competitive positioning. We review operational expenses, management efficiency, and potential for rent optimization. We also assess expansion potential and value-add opportunities.
What are the key operational considerations for self storage investments?
Key considerations include management efficiency, security systems, unit mix optimization, and marketing strategies. We evaluate existing operations and identify opportunities to improve occupancy, increase rents, and reduce expenses. We also assess potential for expansion or conversion of underutilized space.
Can you help identify self storage properties within my identification window?
Yes. We work with brokers specializing in self storage properties and can quickly identify available assets matching your criteria. We provide property summaries, financial analysis, operational assessments, and market analysis to support your identification letter submission.
Related Property Types
45-Day and 180-Day Deadline Calculator
Enter your relinquished closing date to preview statutory milestones. Share the outputs with your intermediary, CPA, and lender to keep every stakeholder aligned.
- 45-day identification deadline
- Select a closing date to calculate the deadline.
- 180-day exchange completion deadline
- Select a closing date to calculate the deadline.
Dates represent calendar days. Confirm every milestone with your Qualified Intermediary. We coordinate stakeholder updates but do not provide intermediary services.
Identification Rules Explained
Use this guide to determine how you will complete the identification letter. We prepare letter drafts, valuation support, and backup scenarios so your $Seattle, $WA exchange maintains compliance through day forty-five.
Three-Property Rule
Identify up to three properties of any value. We document pricing support, lender feedback, and compliance notes for each Seattle, WA asset so your intermediary accepts the letter without revisions.
200 Percent Rule
Identify more than three properties as long as combined fair market value stays below 200 percent of the relinquished property value. We track valuation evidence for every property to prove compliance.
95 Percent Rule
Identify any number of properties and close on at least 95 percent of the aggregate value. This strategy supports diversified portfolios and DST placements when executed with strict tracking.
We coordinate with your intermediary, CPA, and counsel, provide documentation, and maintain audit-ready files. We do not provide legal or tax advice.
Exchange Timeline Tracker
Monitor each milestone from sale to replacement closing. Select a step to review the focus items and assign responsibilities to your advisors.
Document sale terms, confirm intermediary wiring instructions, and deliver closing statements within twenty-four hours.
Keep your intermediary, CPA, attorney, and lenders updated on each milestone. We manage the project plan, but all compliance decisions remain with your licensed advisors.
Discuss Self Storage
Share your timeline, equity targets, and lender objectives. We respond within one business day.