Does anyone know the Market Cap Rate for Self Storage in the Charlotte NC area, if purchased with all cash?

In Buying Property - Asked by Christopher S. - Nov 18, 2009
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Answer(s)

John S.
Broker/Agent
Plainfield, NJ

Nationally the CAP rate varies from 10 to 15% depending on the economics of the deal. If the project has a 90%+ rental rate and there is no nearby competition gearing up the cap rate would be 10%. Each one is different but the criteria remains the same.

Nov 19, 2009
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Gregory G.
Broker/Agent
San Francisco, CA

10%, depends also on the age of the building and location.
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Gregory Garver - Commercial Real Estate Broker
Broker License# 01716531
(415)225-9894
gregory.garver@gmail.com
Web Reference: http://www.gregorygarver.com

Dec 3, 2009
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