Buying a Storage Facility: Due-Diligence Checklist
By The Unit Manager Pro Team · 3 May 2026 · 2 min read · Updated 24 October 2026
An acquisition needs evidence behind the rent roll, site permissions and operating costs. Use a qualified transaction team rather than a universal valuation multiple.
Reconcile income and occupancy
Compare leases, receipts, arrears, deposits and concessions. Distinguish occupied units from paying customers and contracted rent from collected cash. Check records over a meaningful period, not a single favourable month.
Review the property and operation
Ask advisers to check title or lease terms, permissions, condition, access, drainage and required works. Review security, maintenance, staffing and relevant transfer obligations. Keep uncertain costs visible in the model.
Check customer records
Confirm agreement versions, contact details, outstanding disputes and document retention. Agree how information may be transferred and who is responsible for communicating with customers.
Plan the system cutover
Use supported imports and migration planning to distinguish supported tenant fields from balances, payment authorisations and signed documents. Agree collection dates and reconcile pending transactions. Do not assume buying the business automatically transfers payment mandates.
Price the actual risk
Use documented income, costs and professional valuation advice. Model slower collections and necessary works. There is no reliable universal EBITDA or revenue multiple for every storage facility.
Plan the move to one system
Book a 20-minute demo with your site and unit counts, or start a 14-day free trial with no credit card.
Frequently asked questions
What should I check when buying a storage facility?
Reconcile income and occupancy, review the property and operation, check customer records and plan the system cutover, including payment mandates and balances.
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