Storage News

	Life Changes The Self-Storage business is the perfect business. Great cash flow, predictable income streams, low overhead and staff cost. But “Life Changes” the grandkids move three states away and suddenly the home and business that you were absolutely sure would be forever have different priorities… and it’s time for a change. Storage Brokers Northwest has a cadre of investors who as one client said… “They made it easier than selling my home”. We can move quickly to find qualified buyers who can help you move on to those really important priorities in life when “Life Changes”
	Market Outlook 2023 2022 was a terrific year for Self-Storage business from what we saw, and 2023 appears to be headed the same way with some adjustments for interest rates. CAP Rates may adjust a bit but Owners who decide to sell will continue to see excellent value in their facilities while Investors will see excellent returns and a sound business in which to invest.
	Focus on Value Warren Buffett once said “Price is what you pay, Value is what you get”. His classic quote reminds us that we must first look to Value rather than Price. That Price is rarely an arbitrary number. Here are 10 Ways to Increase the Value of Your Facility right now.
	Recent Newsletter for Self-storage Owners In our recent newsletter we talked about THREE things that are critical to Self-storage owners today. Business, Market, and Competitive Risk Don’t sell your Facility “by accident” I might sell to _____________, maybe not a great idea.
	Should I wait to Sell? It’s the magic Question and we don’t know the definitive answer, but the real question is do you think interest rates will remain this low into the future. The Federal Reserve is already talking about raising rates this year. Did you know that even a 1% increase in rates could strip you facility’s value by 12 to 15%?
	We Should Talk We’re often on the road meeting owners and investors and we always have time for a cup of coffee and to share what we’re seeing in the Self-Storage market and hearing from Investors, Banks, and our Professional Network. If we haven’t visited lately, or even if we haven’t met… we want to know you, meet you, and understand your business and investment objectives. Call us, we’ll make time for coffee in your area really soon.

Storage Brokers NW is an alliance of independently licensed professionals. Mr. Rhea is Licensed in Washington and Oregon. and associated with Kelly Right Real Estate. Mr. Van Heuvel is Licensed in Oregon and associated with Laren Group LLC. Visit our "Our Team" page for additional information about individual Brokers.

We are not engaged in the rendering of legal, accounting, tax, or other professional advice, nor make any warranties expressed or implied, nor assumes any legal liabilities or responsibilities for accuracy, or completeness of information communicated through this website or other collateral material .

The purchase or sale of Real Estate and/or a business requires detailed in depth analysis. If legal, accounting, tax, survey, or financial advice is required, the services of a competent professional should be sought to discuss the necessary details of an individual business situation before any investment decision is made.