Site visit revealed some damage (max $3-5k in repairs) to some units and a lower occupancy (approx 20% less) than stated by the seller. I sent an emailing to the broker detailing the unexpected necessary repairs, the lower occupancy observed, along with about 40 pics of the issues. I also sent an addendum reducing the sale price by $20k (10%). Seller agreed to new price, which is $85k (33%) lower than the list price. Currently under contract at $19.44/sqft. Always ask for what you want. Never know what their true motivation might be. The worst they can say is no. (Kinda kicking myself for not asking for more 😂😂😂)

Hey everyone — I’m Gabriel. I’m a self-storage buyer actively sourcing off-market deals nationwide, typically from owners with no online presence and no broker involved. While I do wholesale deals, my core focus is on acquisitions — I’m currently working toward buying my first facility. Most of the properties I find have backend equity potential: under-managed, value-add, room for expansion — even if they don’t cash flow out of the gate. If you’re looking for off-market opportunities like that, let’s connect. Contact: [email protected] Phone: 585-330-1150 Website: www.selfstoragebuyergroup.com Looking forward to networking with like-minded folks.