Case Study

Midamerica Self Storage

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Seller Profile

Private high net worth individual
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Buyer Profile

Large national operator
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Property Profile

Non-climate facility built in 1978

The Story

  • Number of bids: 6
  • The owner was feeling operational pressure as a single store owner/operator.
  • Two different REITs took over managing two facilities within a one mile radius and the owner was forced to compete against them.
  • In the last 12 months, the seller saw a decline in his collections by over $10,000 per month – $120,000 per year.
  • As the seller was nearing retirement, he had concerns about the future and wanted to monetize the equity he had in the property.
  • After interviewing multiple firms, the seller decided to engage SkyView because he believed our process would ensure certainty of execution.

Value Creation

The owner was able to sell his facility quickly and painlessly and reallocate time and resources to other endeavors.

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