SELF-STORAGE
We assess market conditions, occupancy benchmarks, and revenue projections to secure a loan structured to your advantage enabling a seamless closing process and robust returns.
Welcome to Prime SELF-STORAGE
Self-storage facilities offer individuals and businesses a convenient way to store goods, furniture, inventory, and more. Demand for self-storage has grown steadily, fueled by population mobility, downsizing, and the need for extra space among both residents and business owners.
Property Essentials
Unit Configuration: Units can vary in size to accommodate different storage needs, from small lockers to large vehicle or boat storage.
Security Features: Customers value a secure, well-lit facility with surveillance cameras, gated access, and personal access codes.
Location & Visibility: High-traffic areas and easily accessible sites typically see higher occupancy, though some operations thrive in industrial or suburban locations with limited competition
Financing Considerations
Performance Metrics: Occupancy rates, rental rates, and local supply-demand metrics are key components lenders examine.
Loan Products: Options range from conventional bank loans to Small Business Administration (SBA) loans, especially if you plan to operate the facility yourself.
Expansion Potential: Many self-storage projects grow incrementally by adding more units or multi-story buildings as demand increases.
Advantages
Stable Cash Flow: Tenants often rent for months or years, generating consistent monthly income.
Lower Maintenance & Turnover: Compared to residential rentals, self-storage facilities typically require less maintenance and management.
Scalability: Facility expansions can be planned as modular projects, reducing upfront investment risk.
Potential Challenges
Competition: Certain areas are saturated with self-storage options, which can push down rental rates and occupancy.
Marketing & Operations: While less hands-on than residential, you still need strong marketing and an efficient operational system to attract and retain tenants.
Zoning & Permits: Some municipalities restrict self-storage development or have specific design requirements to preserve local aesthetics.
How Prime Point Capital Helps
At Prime Point Capital, we tailor financing specifically for self-storage entrepreneurs. We assess market conditions, occupancy benchmarks, and revenue projections to secure a loan structured to your advantage enabling a seamless closing process and robust returns.