Sell Your Storage Facility

If you own a storage facility and are looking to sell it, for whatever reason, you’ve come to the right place. Whether you inherited the business, have too many repairs, are facing foreclosure, or you just don’t want to be in the storage business anymore and would like to cash out, AMI can help.

We are professional real estate buyers, and we purchase storage facilities – in any price range and in any condition. We can make you a no-obligation cash offer within days, making the entire process for you quick and simple. You get to walk away with cash in your hands, without having to deal with any of the hassles that you typically would when trying to sell it on the market.

Benefits of Selling Your Storage Facility Off Market

If you were to go the traditional route of listing your storage facility on the commercial real estate market, you would have to spend tons of time and lots of money to do so. These burdens include:

• Making repairs, renovations, and improvements to make it more desirable to potential buyers
• Paying a realtor thousands of dollars in commissions the list the property
• Having to deal with multiple showings
• Facing the possibility of it sitting on the market for a long time with no buyer

Working with AMI removes all the hassles and costs listed above. If you accept our cash offer, you don’t have to worry about commissions, showings, the facility’s condition, or the business’  profitability. Review our Frequently Asked Questions below to learn more.

Storage Facility FAQs

Can you really buy my storage facility in cash?

Yes, we can. We have private lenders that lend us the cash to purchase and fix the facility. Since they're not traditional banks, we can close very quickly. Our lenders have the confidence and trust in us that we know what we’re doing. Therefore, there's no need for appraisals, inspections, etc., which allows us to close quickly. They give us cash, and we pay the sales price of the storage facility in cash to the title company handling the closing, and they transfer that money to you.

How fast can you close?

We can close within 30 days. If you are facing a time-sensitive sale due to an impending foreclosure or another matter, we can speed up the process and close sooner, if needed.

Does it matter what condition my storage units are in?

No, we buy it as is, in any condition, even if it’s in bad shape and in need of costly repairs. There is no need for you to pay for any repairs yourself. We’re skilled at assessing the value of your complex and the costs associated with any repairs that need to be made. Additionally, our offer to purchase your storage facility is not contingent upon it passing any inspections.

Are there any commissions involved?

No, as there are no realtors or third-party brokers involved with the sale, there are no commissions to pay.

Who pays the closing costs?

AMI pays for the closing costs, which is another valuable advantage of selling your storage complex to us.

Will you buy my storage facility if there are units already rented?

Yes, we will absolutely buy your facility with units currently being rented. Whether your units are leased or unleased makes no difference to us.

Does it matter what my occupancy rate is?

Your occupancy rate, the ratio of rented units to the facility’s total number of units, does not matter to us.

Do you have a minimum or a maximum number of storage units required?

No, we have no minimum or maximum requirements. We'll buy small, medium, and large sized storage facilities with any number of units. We also purchase industrial style storage facilities, which are meant for businesses in need of storage, but they don't require a storefront. Overall, if it's real estate and you want to sell it, we can buy it.

Does it matter what class my storage facility is designated as?

No, it does not matter. We buy all classes of storage facilities, including:

• Class A: Built after 2000 and located in preferable neighborhoods
• Class B: Built in the 1980s or 1990s and owned by mom and pop operators with stable numbers
• Class C: Much older builds that have more maintenance issues and are located in low income neighborhoods

We'll make an offer on your class A, B, or C properties within 72 hours of viewing them.

What information will you need from me to make an offer?

We'll need to know the size of the facility, the gross rents of the building, and the expenses it takes to maintain the building to calculate the NOI (Net Operating Income) of the facility. NOI equals all revenue from the property minus necessary operating expenses. This is the before-tax figure which doesn’t include loans, capital expenditures, depreciation or amortization.

We'll need to see your rent rolls, a breakdown of your units and sizing for each, and vacancy rates. We’ll also need to know if the property is managed by the owner or a management company – if it’s the latter, we’ll need to know what they’re paid. P&L statements are also helpful. If you don't know what any of these items are, don't worry. Just give us a call, and we'll explain exactly what they are and how you can find them.

How long does it take to get a cash offer?

We will provide you with a written cash offer within 72 hours of viewing the facility.

Are we under any obligation to accept your offer?

Absolutely not. There is no risk to getting in touch with us for a quick, no-obligation cash offer on your storage facility today!