Why Self-Storage Facilities are Good Investments
by Samuel Brewer
“Self storage”, also known as “self-service storage” or “mini-storage” is an industry which provides storage facilities, such as rooms, containers, lockers or outdoor space to tenants, either on rent or on lease. This kind of self storage facility is used for both personal as well as business purposes of storing and accessing their goods. However, unlike at a warehouse, the self storage facilities do not allow quick access to the storage space, which is usually secured under the supervision of the tenant himself.
If you are a seasoned investor and looking forward to investing in a growing market, which will provide you with guaranteed return on investment (ROI), then self storage is a good investment option for you. Actually, a good investment is the one which is in a growing phase, promises guaranteed returns, and belongs to a market which has low entry and exit barriers. Investing in self storage facilities will provide you with all these advantages as compared to all other kinds of investments in commercial property. In addition to this, the investor does not face any development risk since there is a high availability of mini-storage units, which are ready to be rented out along with low operating costs, thus maximising the return on investment (ROI). The ROI rates offered on most of these storage facilities are quite comparable to those offered on bank accounts or some other traditional investments.
There is also a lot of flexibility in terms of the unit sizes and packages that are available, ranging from a very small size to large units and packages. Moreover, strong demand for these mini-storage units provides for quite a robust re-sale market, which is bound to remain attractive even during times of an economic downturn.