Purchasing a self-storage, boat and RV storage, storage condo, contractor yard, or flex warehouse facility is a BIG decision. At Self-Storage Ninjas, our Acquisition Audits provide the comprehensive validation necessary to proceed confidently with your purchase.

An Acquisition Audit meticulously assesses the facility’s health. Our team, led by Sensei, conducts a thorough comparison of the units, vacancies, and prices provided by the seller against the actual rent roll to identify any inconsistencies. Additionally, we carefully examine financial records to gauge the business’s financial well-being.

Furthermore, our audit extends to evaluating the submarket’s health. Through in-depth research into competition, rents, supply, and demand, Self-Storage Ninjas’ data determines the long-term viability of the facility’s target prices and returns. We also consider necessary repairs and improvements to enhance the facility’s appeal.

Following interviews with the management team and a review of facility operations, Sensei provides recommendations for improvement and for expansion if viable. This culminates in a strategic plan to leverage competitive strengths, address weaknesses, and optimize operational budgets.

Our pricing recommendations are meticulously tailored, taking into account each unit size and type along with the subject facility’s competitive advantages and disadvantages. We project rental rates conservatively based on competitive facilities’ pricing as well as analysis from outside the primary and secondary trade areas if necessary.

Ultimately, our audit delivers projections for the facility’s proforma, cap rate, and return on investment. These insights empower you to make a well-informed purchase decision based on an impartial evaluation of the data.