I have a question about evaluating self-storage markets. If I find a facility where the 3-mile radius has favorable square feet per capita, would you still consider it a strong acquisition opportunity even if the overall metro or larger city is considered oversupplied? I'd love to hear how experienced operators think through this.

I came across a self-storage opportunity in a major MSA that would be considered a heavy-lift value-add deal. The property appears to need significant operational improvements and is likely best suited for an experienced operator comfortable with turnaround opportunities. Is anyone here actively acquiring heavy-lift self-storage assets in major MSAs? If so, send me a message and I'd be happy to discuss the opportunity further.

Looking for some feedback from the group on self-storage facilities with a mixed-use component. How do you typically view a storage facility that includes office/retail units as part of the property? Do you: - Underwrite the office/retail separately from the storage? - Apply a blended cap rate? - See it as a benefit through diversification or an added risk? I'm evaluating a deal with this setup and would love to hear how operators and investors in the storage space approach these opportunities.

Quick question for those who have wholesaled/self-storage assigned deals before: Have any of you used NDAs with buyers when wholesaling a facility? Or do you not really recommend it? I’m trying to figure out best practices here and whether it’s something I should be implementing or if it creates more friction than value. If anyone has a sample NDA they’ve used before, I’d really appreciate it if you’d be willing to share. Thanks!

Curious to get some opinions from experienced operators on this: There’s a 92-unit self storage facility I’ve been looking at that is actually very nice: - updated facility - climate controlled - limited competition (only about 3 other facilities in town) - only climate-controlled option in the area But occupancy is still low. One thought I had was bringing in a U-Haul Neighborhood Dealer setup first: - trucks parked on-site - no truck maintenance responsibility - additional visibility/traffic - possible customer acquisition funnel Then potentially: - letting U-Haul advertise the facility - using their management system/website integrations - leveraging their customer traffic during moves/transitions My thinking is the issue may not be the product itself, but visibility/customer acquisition. Would love to hear thoughts from people who’ve done this before or other ideas you’d focus on first to increase occupancy.