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.
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.
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.
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.
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.
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.
Regardless of whether some or all of your units are still being leased, we’ll make an offer on your facility.
No. No matter the number of rented units compared with your total number of units, we will buy your 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.
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.
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.
You can expect to receive a written cash offer by us in 72 hours or less after we view your facility.
Sure. You don’t risk anything by contacting us for a cash offer. You can accept it only if you like it.
I reached out to PropertyCashin to sell my property in Compton, CA. I worked with Richard and Anthony and they made it easy and hassle free. I recommend anyone looking to sell their property to give these guys a call and ask for Anthony.
Highly recommended. 10/10 stars
My brothers and I were selling our office building in Dallas after the tenant moved out. We had tried to sell it on Loopnet for roughly 6 months before reaching out to PropertyCashin. The offer was a little lower than we had hoped for but it was fair given the vacant condition and all cash. I think it closed roughly 30 to 35 days later from when we signed the contract. Overall it was a quick process and very smooth transition. We would definitely recommend Richard and Sam and the Propert Cashin team to anyone looking to liquidate their commercial property quickly.
We expected to be stuck on the market for months if not years due to condition of the property. However, we had a smooth transaction with PropertyCashin. They quickly found a buyer for our warehouse. We're happy!
I highly recommend working with Ryan to anyone who is looking to sell a commercial property. Ryan is not only a knowledgeable investor but a great business man. He is a certified business broker and knows the needs of the seller. I would definitely work with him in the future.
Great bunch of guys, honest , helpful , and transparent all the way. Highly recommended
PropertyCashin helped me sell my property fast and for a fair price. Anthony Martin personally took the time to contact me every step of the way. Closing was a breeze and received funds within 48 hours. Would highly recommend this company if you need to sell your property.
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.