Start or buy a facility
This section is for people who do not own a facility yet. You might be a landowner, an investor from another property type, or a manager ready to own a site. You might also be weighing a first facility against buying one that already operates.
Most first facilities are won or lost before the doors open. The land, the zoning approval, the loan terms and the purchase price set limits that good operations cannot fully fix. So these guides focus on the questions to answer before you commit money.
Read them roughly in order. Start with how to start a self storage business for the full sequence. Then test demand with a feasibility study and check zoning before you sign for land. Price the project, line up financing, and plan your unit mix.
If you would rather buy, the guide to buying an existing facility covers due diligence and reading a rent roll. Each guide shows what to verify, which documents to ask for and which numbers to check yourself. Where a figure matters, we link to its source. Where we could not find a reliable source, we say so.
Guides
Start or buy a facility
How to Start a Self Storage Business: Step by Step
The steps to start an independent self storage business: choosing a path, market research, site, structure, financing, operations and lease-up.
Start or buy a facility
Self Storage Business Plan: A Template Lenders and Partners Can Use
A self storage business plan template with fill-in tables for market, feasibility, unit mix, budget, financing, operations and a revenue projection method.
Start or buy a facility
Is Self Storage a Good Investment? How Facilities Earn and Where the Risks Are
Is self storage a good investment? How storage facilities earn money, the main risks, and what the big REITs reported in their fiscal 2025 10-K filings.
Start or buy a facility
Self storage feasibility study: what it covers
What a self storage feasibility study covers, who prepares one, and how to test its trade area, supply, rate and lease-up assumptions.
Start or buy a facility
Cost to Build a Self Storage Facility: What Goes Into the Budget
The cost categories in a self storage construction budget, from land and site work to doors, soft costs and contingency, with a worked example.
Start or buy a facility
Buying a Self Storage Facility: Due Diligence, Valuation and Takeover
How to find, evaluate and buy an existing self storage facility: reading the rent roll, physical and environmental diligence, valuation, financing and takeover.
Start or buy a facility
Self storage zoning: what to check before you buy land
Check zoning, use permissions, design rules, flood maps and approvals before you buy land for self storage. A practical pre-purchase checklist.
Start or buy a facility
Financing for Self Storage Facilities: SBA, Construction and Bridge Loans
SBA 7(a), SBA 504, construction and bridge loans for self storage: how each works, what lenders check, and how to pick the right structure.
Start or buy a facility
Converting an existing building to self storage
How to judge a vacant retail, warehouse or office building for self storage conversion: structure, fire code, access, zoning and the numbers.
Start or buy a facility
Planning a self storage unit mix
How to plan a self storage unit mix: unit sizes, climate control, drive-up vs. interior, ADA units, and a worked example with the math shown.