BreakThru Realty

Guide

Buying a Self Storage Facility in Florida

A self storage facility is an operating business on real estate: many small month to month rentals managed by software and a small staff. Verify occupancy and rents from the management system, compare in place rents with what new customers pay, and inspect the buildings and the climate control.

Ask a Commercial Specialist · (786) 914-1017

BreakThru Realty · Founder and Broker of Record: Tyson E. Sam, Florida License 3565210

Unit Mix, Occupancy and Rates

Ask for the unit mix by size and type, physical and economic occupancy by month for two years, and the rent roll from the management software. Economic occupancy, what is actually collected, is the figure that matters.

In Place Rents and Street Rates

Compare what existing customers pay with what new customers are offered. Long tenured customers below street rates are upside; heavy discounts to fill units are a risk. Check competing facilities' rates and new supply nearby.

Management and Software

Find out who manages the facility and with which software, and whether customer data, the website and phone numbers transfer. Ancillary income such as truck rental, insurance and retail goods should be verified separately.

Buildings, Climate Control and Security

Inspect roofs, doors, paving, gates, cameras and access systems. Climate controlled units are common in Florida and their HVAC systems are a capital item. Check drainage and flood exposure.

Expansion Land and Zoning

Unused land with zoning for more storage can be valuable. Confirm what the zoning and site plan allow before paying for it.

Delinquent Units and Lien Sales

Florida's self service storage law sets how an operator handles delinquent accounts and lien sales. Ask for the delinquency report and how the facility follows the process.

See the Listings

Ask a Commercial Specialist

Call or text (786) 914-1017 or email sales@breakthrurealty.com. A licensed BreakThru Realty agent follows up within one business day.

Your Next Commercial Buyer May Already Be Working With BreakThru Realty

Investors, owner users and business owners across Florida work with BreakThru Realty with defined requirements: the asset type, the size, the location, the price and the return they need. If you own commercial property, a broker can review it against those requirements before you list, and if no buyer on file fits, explain the marketing that reaches the rest of the market.

Before you list, a broker reviews what you own, the market around it and whether an existing buyer's requirements match. If none does, you see how we would position it to reach other qualified buyers.

Find Out If We Have Your Buyer · Discuss Selling With BreakThru Realty

A potential match is a conversation, not an offer, until the buyer sees your property and makes one. No buyer is named and nothing about your property or business is shared until you decide to proceed.

Frequently Asked Questions

What is economic occupancy in self storage?
The rent actually collected as a share of the rent the facility would collect fully leased at its rates. It accounts for discounts and delinquencies that physical occupancy hides.
Are self storage rents month to month?
Usually, which lets rents adjust quickly in both directions. Verify the history of increases and move outs.
What makes a self storage facility worth more?
Verified economic occupancy, rents near or below market, sound buildings, a good location and land or zoning for expansion.

Commercial Services

Already Own One?

Calculators

Commercial Guides

Commercial Real Estate