Ask The Broker

Discussion about Capital Markets Introduction Karr Self Storage spends most of the time in the primary markets throughout Texas. But, one of the interesting things that were seen that is relative to the capital markets is an interest in secondary markets. A portfolio was recently closed out in The Permian in West Texas, not too long ago. And this was a unique transaction in the… Read More »How is the Size of the Loan Impacting Rate and Leverage

The short answer is yes. Pricing for self-storage facilities is as attractive now as it has ever been for a few different reasons. The first comes down to simple supply-demand. There are fewer properties on the market right now than there have been at any point in time in the past five years. And there are actually more buyers than we have ever seen before.… Read More »Is Now A Good Time To List And Sell My Self Storage Facility

We are here with the Karr Self-Storage team in Marcus & Millichap’s Fort Worth, Texas office. Today we will talk about our brand new website. If you visit www.karrselfstorage.com, moving forward once every week or so, we’re going to be updating our site with our new “Ask The Broker” video blog series. The video blog is designed to bring informative content to you so that… Read More »Karr Self-Storage Welcome and Introduction

Meet our New Partners – Metropolitan Capital – Now a Part of Marcus & Millichap Capital Corporation Today we are discussing the capital markets for not just storage, but everything that’s going on in the marketplace in general right now. And, we’re here in the new Dallas office and part of the Marcus & Millichap Capital Corporation now. I thought it’d be a good opportunity… Read More »Meet Our New Partners – Metropolitan Capital

Many times when I introduce myself to storage owners and I tell them that I’m a broker, they say something along the lines of, “Oh, so you want me to sell my property?” And the truth is that I have no idea if it’s even the right time for you to sell. Of course, as a broker, I’m only going to make my commission when… Read More »So You’re A Broker – Learn More About Our Brokerage

If there’s a question right now that seems to be on everybody’s minds, it is how is all this new construction going to be impacting the self-storage industry? Well, admittedly, there are a number of new facilities being built and it is something that is important to understand. Well, as specialists in the market, we have our finger on the pulse of what is going… Read More »What Is Going On With All The New Self Storage Construction?

Clients engage us to take their property to market. What they expect is to have as many qualified buyers as possible look at the deal, look at the package, look at the video, and spend time on it and really try to understand it. And one of the benefits of engaging Karr self-storage is that we are backed by the Marcus and Millichap platform, and… Read More »What is the investment value of Marcus & Millichap platform?

I was talking to a new investor who had not yet entered the Texas self-storage investment space, and he was primarily interested in distressed opportunities. And when we talk about distressed opportunities, we talk about properties that have been mismanaged for one reason or another, maybe something has happened. Either way, they are not making any money. We do not necessarily need them to be… Read More »What is the Replacement Cost of a Self Storage Facility

At Marcus & Millichap, we have a lot of brokers who specialize in different product types, whether it be hotels, retail strip centers, or apartment complexes. And they’ll come to me and say, “Why is self-storage so popular? And the main reason is that self-storage does pretty well, even when we’re in economic downturns. And if you think about it, it really makes sense because… Read More »Why Is Self Storage Stable in a Downturn

Let’s talk about due diligence. Let’s say someone’s found this piece of property and it’s a decent location and so forth. What would be the suggestion for someone who is looking for, and walk us through a process that you go through? Assuming that you’ve found a property that you think might be an attractive acquisition opportunity. The main thing to look at is the… Read More »What Should A Buyer Look For In A Self Storage Investment