“Checklists, checklists and oh yeah, checklists. There’s enough complexity in today’s commercial real estate transactions. The fundamentals should be a checklist. We train our team on the concepts and lists in this text to help keep 95% of the transaction on a list of to do items.” There’s a HUGE problem in the commercial […]
We were always struck buy the lack of formal training in the commercial real estate brokerage business. All of our team members learn from basic texts like this one so we can be on the same page with definitions, concepts and terminology. It doesn’t matter if you’re an intern, support staff or a seasoned broker, […]
It is easy to spot the signs that summer is coming to an end. School supplies are on sale and kids everywhere are trading beach towels, skateboards, and baseball gloves for backpacks. It also appears that that the current run-up in self-storage values is coming to an end. Over the last 120 days we have […]
Today’s self-storage real estate market is robust and fluid, but property buyers and sellers need to focus on more than just price. Here’s insight to a few less obvious aspects of today’s deals. Self-storage investors are enjoying the fluid nature of today’s transaction market, and it’s evident that property buyers and sellers need to focus […]
Developers are opening new self-storage properties in markets across the country, offering low rates to attract customers and pushing down average rents. “Heavy new supply deliveries and slowing economic fundamentals are adding headwinds to street rates,” according to the “National Self Storage Report” for July 2018 from Yardi Matrix. The number of new properties opening […]
During a self-storage real estate transaction, the advice of an industry-experienced broker can have more value than many realize. Learn about the duties of this professional and how he encourages a more successful purchase or sale. The value of professional advice during a self-storage real estate transaction can’t simply be measured by wins and losses. […]
In 2018 the business of buying and selling self-storage properties around the country has become much more complex than in years past, but our discussions with both buyers and sellers always ends up focused on market cap rates. Unfortunately, most people don’t fully understand all the ramifications of this seemingly simple calculation. Hopefully this summary […]
In this high-stakes game of real estate investment musical chairs, NOW is the time to find a chair before the music stops, bringing to an end high real estate prices and easy financing. Recently there have been subtle changes in the lending market that may actually be much more material than an initial glance might […]
When most self storage owners wake up in the morning, they don’t usually think about the Federal Reserve Open Market Committee (FOMC). Most owners are busy managing occupancy, controlling costs, and overseeing the operations of their self storage business. On a daily basis, these tasks are far more important than decisions made by Federal Reserve […]
Jeff Gorden and Kyle Topper of Eagle Commercial Realty Services have arranged the sale of Havasu Boat Storage in Lake Havasu City, Arizona. The boat storage facility sold May 14th, 2018 for $5,700,000. The property spans just over seven and a half acres and provides 316 units of boat storage. Eagle Commercial represented the Seller […]