Acquisition analysis
The #1 US Self Storage Facility Database
Analyze a facility, then get instant access to facility names, phone numbers, emails, addresses, and website URLs.
Property Information
Enter total price, total units, total NRSF, and occupancy percentages.
Property Information
Enter total price, total units, total NRSF, and occupancy percentages.Financing
Enter annual interest rate, down payment percent, term, and total fees.
Financing
Enter annual interest rate, down payment percent, term, and total fees.Annual Income
Enter annual dollar totals, not monthly rent.
Annual Income
Enter annual dollar totals, not monthly rent.Annual Operating Expenses
Enter annual expense totals before debt service.
Annual Operating Expenses
Enter annual expense totals before debt service.KPI Dashboard
Key acquisition, income, financing, and return metrics.
Charts
Income, return, and revenue visualizations.
Income Waterfall
Investment Metrics
Revenue Breakdown
Benchmark Comparison
Directional benchmarks for market, vintage, size, and operating strategy.
| Metric | Your Value | Benchmark | Position |
|---|
Sensitivity Analysis
NOI, cap rate, and cash flow by occupancy scenario.
| Occupancy Change | Economic Occupancy | NOI | Cap Rate | Cash Flow |
|---|
Self-Storage Investment FAQ
Key self-storage underwriting concepts.
What Is a Self-Storage Cap Rate?
A self-storage cap rate is the property’s annual net operating income divided by purchase price. It estimates unlevered yield before financing and taxes.
How Is NOI Calculated?
NOI equals effective gross income minus annual operating expenses. It excludes loan payments, depreciation, income taxes, and buyer-specific capital structure.
What Is a Good Self-Storage Cap Rate?
A strong cap rate depends on market quality, growth, occupancy, property condition, and management upside. Many stabilized deals trade around the mid-single to high-single digits, with higher rates often reflecting more risk.
What Is DSCR?
Debt service coverage ratio compares NOI to annual debt service. Lenders often look for DSCR above 1.20x to 1.40x depending on leverage, asset quality, and borrower strength.
What Is Cash-on-Cash Return?
Cash-on-cash return measures annual cash flow after debt service divided by initial cash invested, including down payment and transaction costs.
What Is Gross Rent Multiplier?
Gross rent multiplier is purchase price divided by gross annual revenue. It is a quick pricing screen, but it does not account for expenses or debt terms.
How Do Lenders Underwrite Self-Storage Facilities?
Lenders typically review trailing and underwritten NOI, occupancy, market supply, rate trends, borrower experience, loan-to-value, DSCR, property condition, and reserve requirements.
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