Square footage, climate control, and location.
Most facilities sell at a 5% to 7% capitalization rate.
Buying a storage unit can mean two different things: purchasing an individual unit within a facility (condo-style) or buying an entire commercial storage business. 🏗️ Buying an Individual Storage Condo
Better "deals" but potentially lower demand.
(NYC, LA, Austin) Command high prices and lower cap rates.