How It Works
Frequently Asked Questions
What are the advantages of selling my storage facility without a realtor?
If you decide to sell your storage facility like it’s usually done—by having a real estate agent or broker list it on the commercial real estate market—you will have a ton of expenses to handle and responsibilities to see to. Challenges that come with this option are:
- Funding and overseeing needed repairs, costly improvements, and updates to attract a normal buyer
- Paying realtor commissions for helping you find a buyer
- Showing your property to potential buyers
- Risking losing time waiting for an interested buyer that may not come for months.
But when you choose Property Cashin, you avoid these problems and you don’t need to think about how to sell your self storage facility business fast when there are no buyers willing to purchase it As Is. Instead, you collect a fast and easy cash sum for your storage units. We can give you a cash offer and close on the property fast, which saves you from all the troubles enumerated above.
If I call you, is a cash offer guaranteed?
Absolutely! One of the reasons why we are so reliable and quick is that we don’t use traditional lending institutions. Instead, we partner with hard money lenders to purchase properties for cash. Our lenders trust our extensive experience in buying properties, so the process doesn’t involve inspections or appraisals.
This eliminates waiting for a traditional lender’s approval and the possibility of the deal falling through if the bank doesn’t like the property. Our lenders transfer us cash as soon as you accept the offer, we pay it to the title company, and at the closing it hands you your profit in full amount.
How much time does it take you to close?
Our fast process generally wraps up in 30 days or less. Additionally, we can increase our transaction’s speed if you’re stuck between a rock and a hard place like when facing a foreclosure or needing cash quickly.
Is it a problem if my storage units are in bad condition?
We can purchase your property no matter what an inspector would write in the report if they were to check it. We don’t require inspections. We will estimate your complex’s ‘as-is’ value and include the cost of any necessary repairs. Based on this, we will make you an offer. No amount of required improvements will make us go away. Simply put, we buy storage units in any condition, as is.
Do you charge commissions?
Unlike when you work with realtors, we don’t make you pay commissions. We are not brokers, neither do we use any. So your offer is what you get at the closing.
Will I have to pay closing costs?
When you sell your commercial property for cash to us, you don’t have to worry about any closing costs. We’ll pay them ourselves.
Can I sell my self storage facility if some or all of the units are being rented?
Regardless of whether some or all of your units are still being leased, we’ll make an offer on your facility.
Does my occupancy rate matter?
No. No matter the number of rented units compared with your total number of units, we will buy your storage facility.
Is there a requirement for the size of my storage facility?
We buy storage facilities of any size, with any number of units. We don’t restrict ourselves to a minimum or maximum amount. Whether your storage facility is a large block of units or a small one, catering to businesses or individuals, features a storefront or comes without it, you can sell to us.
Does the class of my storage matter?
Designation doesn’t affect our transaction. We purchase storage facilities in any class, such as:
- Class A: facilities in favored neighborhoods that were constructed after 2000
- Class B: facilities with stable numbers operated locally that were constructed in the 1980s or 1990s
- Class C: facilities located in lower socioeconomic areas that were built before 1980 and come with considerable maintenance problems.
We can make an offer in under 3 days after viewing your class A, B, or C property.
What data should I provide to get your cash offer?
To make an offer, we first need the facility’s size, the building’s gross rents, and the building’s maintenance expenses. This data will help us find the facility’s NOI (Net Operating Income). NOI represents the property’s total revenue with the operating expenses excluded (this does not include depreciation, amortization, capital expenditures, taxes, or debt).
Additionally, we will ask for the size of each unit and other specs. Rent prices and vacancy rates are also needed. We need to be informed of whether your property is managed by you, the owner, or by a management company. If you use a management company, we need to know how much they charge. Profit and Loss statements would be appreciated. If you’re feeling confused about any of these terms, we can clarify matters over the phone and help you find the necessary information.
How quick will you make me a cash offer?
You can expect to receive a written cash offer by us in 72 hours or less after we view your facility.
Is your offer obligation-free?
Sure. You don’t risk anything by contacting us for a cash offer. You can accept it only if you like it.
Why Work With Us?
You’ll Get Paid in Cash
We’ll Buy Your Property ‘As Is’
You’ll Get Personalized Service
Very Fast Closing
No Realtor Commissions
No Closing Costs & Fees
No Repairs Needed
No Waiting Years for a Buyer
Do You Need to Sell Your Storage Units Fast for Cash?
We Buy Commercial Real Estate Nationwide!
When it’s time to sell your self storage units, Property Cashin is ready to make you an offer. Regardless of whether your storage facility needs extensive repairs, you’re facing foreclosure, or you want to get out of the storage business, we’re here to give you a fast and simple transaction process that ends with cash in your hand.
We’re experienced commercial property buyers who make obligation-free cash offers on storage space no matter the current condition or price range. After we quickly assess your property’s value, we will give you a cash offer in a couple of days, and streamline the whole selling process for you. Skip jumping through hoops to sell your storage facility on the market by giving us a call.
Areas We Buy Storage Facilities In
We buy commercial real estate throughout the entire United States. Regardless where your storage space is in the US, we can buy it from you. That being said, we still have transactions abroad. So if you own a property outside the US and you urgently want to sell it, we’d love to come in and check it out.