I’m looking at a park with over 50 self storage units ($65/mo), that’s currently and always has been full with a waiting list (supposedly). Two questions for those of you who own parks with storage units:
- How do you valuate each storage units? What’s the going cap rate for storage units in a metro area (100k+) in the midwest?
- Is $65 market, below-above?
Thanks in advance for all you guys-gals who always make the time to help out with newbies like me…