How it works
Six steps, and you can stop after any one of them.
Nothing here is binding until the day you sign a purchase agreement, and even the letter of intent before that is walkable. We would rather you feel free to leave at every stage than have you feel cornered at any of them.
You get in touch
Fill in the short form, or call me. We need four things to start: where the facility is, roughly how many units, roughly how full it runs, and a phone number. That is genuinely it. You do not need to find your tax return or call your bookkeeper first.
We talk for fifteen minutes
I will call when you said was convenient. We will ask what comes in most months, what goes out, whether there is a loan on it, and what you are hoping happens. You should ask who we are, where the money comes from, and what we intend to do with the place. We will answer all three plainly.
We build the valuation and the market report
Two business days. You get a value range with the income and expense assumptions written out, and a report on your county: population and household income over ten years, storage square footage per person nearby, and what facilities within three miles charge for a ten by ten today. This is the document that ends most arguments about price, in either direction.
We look at the ways of getting paid
Usually three: all cash at closing, payments from us to you over a set number of years, or a piece of each. One page, side by side, with what each actually leaves you after the year is over. Take it to your accountant. We want you to.
If a number works, we put it in writing
A letter of intent. Plain language, one or two pages, setting out the price, the structure, the closing date, and the diligence period. It is not a contract that traps you. It is the thing that lets us both stop negotiating in our heads.
Diligence, then closing
We verify what we discussed, look at the buildings, pull title. If something turns up that changes the number, we tell you what it is and why, in writing, instead of quietly renegotiating at the end. Closing at a title company on the date you picked. You pay no commission.
What we need from you
- Roughly what the facility brings in most months
- Roughly what it costs you to run
- How many units, and about how many are rented
- Whether there is a loan on the property, and about how much
- Whether you own the land
- Roughly when you would want to be done
What we do not need
- A survey, an appraisal, or an environmental report
- Audited or even tidy financial statements
- Any repairs, paint, cleanup, or a unit cleared out
- A lawyer before we have even spoken
- An exclusive agreement with us, ever
- A decision on the first call, or the fifth
A fair question
How can we pay without a bank?
Two ways, and you get to choose which. Either we bring the money to closing from our own capital and our partners, or you carry the paper yourself and we pay you monthly with the facility standing as security. In the second case you are the bank, and it is the best secured loan you will ever make, because you know the collateral better than any lender alive.
What neither of us has is a loan committee in another state that can kill the deal three days before closing because their appraiser has never seen a town this size. That is the single biggest reason deals like yours fall apart, and it is the reason we do not use one.
Find out what your facility is actually worth.
A real value range, a market report for your county, and a straight conversation with the person who would buy it. No cost, no obligation, no listing agreement.