According to Self Storage
Association — a notforprofit
advocacy and support
organization for the selfstorage
industry, there are
approximately 49,000 primary
selfstorage facilities.
The total amount of storage
space among these facilities is
estimated at 2.6 billion square
feet, generating approximately
$32 billion in revenue each
year.
Other fast facts:
• Facilities across the nation
are about 90% occupied
Through his company Square
Storage, Scott buys self storage
properties located in diverse
markets, buying only those
facilities where there’s an
opportunity to add value and
the demand for storage, retail
and housing are strong.
Some of the reasons why a
selfstorage facility may be
doing poorly include:
•
•
•
•
Mismanagement
Undercapitalization
Not enough storage space
Insufficient or ineffective
management tools
• There are, on average,
about 540 units at each
facility across the country
• The percentage of
households in the U.S.
using these units is
estimated to be about 9.3%
(as of the first quarter of
2018)
Anyone who’s been investing
for a while understands the
need to diversify their portfolio.
Selfstorage facilities are the
perfect accompaniment, either
through ownership, as part of a
REIT, or other investment
vehicle.
Says Scott, “It's also the
perfect business model, because
in a down market when
homeowners loses their house,
they put their stuff in storage
and they move in with mom and
dad.
“And then, the economy
comes back, they get a new
place, they get their stuff. But
usually when the economy
comes back they're so happy to
have money again they buy too
much stuff, so the extra stuff
they put back in storage...so it's
the perfect cycle.
We are seeking accredited
investors to partner with us in
the self storage business. If you
want to be a part of the next
commercial real estate boom,
give us a call and we can
explain why self storage is the
next big thing. This is your
chance to get into the Uber of
real estate.
An Interview wit h
Scott Mednick
Founder
SquareStorage.com
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