Self Storage Appraisals 101: How to Value a Self Storage Facility

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Want to know how to value a self storage facility? Stick around and we’ll show you! In this episode, seasoned appraiser Tim Garey breaks down the entire valuation process—and shows you how to get the right valuation.

With more than twenty years of experience, Tim oversees a team of thirty appraisers nationwide at Cushman & Wakefield’s Self Storage Advisory Group. He has appraised all types of properties, from shopping centers and golf courses to industrial buildings and, of course, self storage facilities. In this episode, Tim will share how and why he got into the self storage industry before walking you through the entire appraisal process, step-by-step.

Whether you’re a buyer or seller, Tim offers all kinds of helpful tips for working with appraisers—like the types of information you need to provide to ensure that the process goes as smoothly as possible and why it’s in your best interest to build a relationship with your appraiser. But that’s not all. He’ll also share why ordering your own appraisal could hurt your deal, and why self storage has seen a recent influx of private money!
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Cushman & Wakefield: http://cushwakeselfstorage.com/
Email Tim: [email protected]

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Chapters:
00:00 Intro
03:12 Tim’s Self Storage Journey
05:25 The Appraisal Process
11:32 Valuing Self Storage
23:23 When Appraisals Go Wrong
30:49 Changes in the Market
36:38 Working with Appraisers
45:46 Connect with Tim!

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