brand new buyer hoping to purchase public storage units in san diego. any advice???

I am very new to real estate, but understand that now is an excellent time to invest. Please help me get started!!! I am considering either buying public self storage or a small apartment complex. I understand that there are many of you out their who are much savvier than I, so I am hoping to glean some wisdom from you. Many thanks.
In Buying Property - Asked by john g. - Oct 13, 2008
Report Abuse
Answer this Question


Jay G.
Lender/Mortgage Broker
Simi Valley, CA

One of the most important things to look into now is the financing. A self storage would be easier to find financing for rather then a small multifamily. Look at the historical financials to get the net operating income. This will show you how profitable the property has been but also you can calculate the value by income with the appropriate cap rate.Then take the estimated debt payment and figure out your debt service ratio. If this sounds like greek to you then feel free to contact me. My name is Jay Gracom and I work for Mission Oaks National Bank. We are lending on almost all commercial property types in all 50 states. Thanks, Jay (805) 889-0301

Oct 13, 2008
Report Abuse
John P B.
Ross, CA

I specialize in representing and assisting investment property buyers in California. I have personally invested in many apartment properties, and have represented and partnered with a friend in the acquisition and development of self-storage facilities. I'd be happy to work with you - give me a call (415-234-6093), or send me an email (, or check out my website (

Oct 15, 2008
Report Abuse
Tai L.
San Diego, CA

I live in San Diego. Let me know if I can help.

May 23, 2009
Report Abuse
Gregory G.
San Francisco, CA

Did you complete the purchase?
Gregory Garver - Commercial Real Estate Broker
Broker License# 01716531

Jun 12, 2011
Report Abuse
Morena S.
San Diego, CA

We have been in the Storage business in San Diego since the early 1970's. We would be happy to give you a few tips and pointers.
Morena Self Storage
908 Sherman Street
San Diego, CA 92110
(619) 299-4444

Aug 25, 2011
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question