Self Storage & Property Development
Property developers are constantly looking for ways to diversify their property developments outside of standard warehouse space or classic retail services, and self storage is the perfect option providing:
- Long-term sustainable revenue
- Low risk assets to portfolios
- Easy implementation
- High performing asset class
- Portfolio diversification
Property Developers Invest Confidently with Us
In this video Mark illustrates using the Self Storage Association of Australasia’s latest performance statistics, how Self Storage can aid property developers in smart investment decisions. When we talk to developers about these stats, it’s an incredibly intriguing discussion.
Why Self Storage?
You only have to look at the increase in urban sprawl and reduction in average household lot sizes over the past 15 years to see that storage space is in short supply. We as the operators, get to benefit from this as we strategically place developments near high-growth corridors and high-density living zones. Self Storage provides property developers with:
Long-Term Sustainable Revenue
We know property developers are seeking assets that produce long-term sustainable revenue streams and Self Storage is a fast growing industry service that boasts $310 yield per square metre, per month as an average according to the SSAA industry insights. Making its revenue generation one of the highest performing assets for the space required.
Complimentary Service Easily Implemented
Property developers need assets that fill in as complimentary services surrounding their existing developments. Self storage is an option that is easily implemented and diversifies developments outside of the usual retail and health services.
High Performing Development Asset
Property developers may not know about self storage being a high performing development asset, but the Self Storage Association of Australasia state of the industry data reports that the average facility boasts $310 yield per square metre, per month. Making its revenue generation one of the highest performing assets for the space required.
Low Volatility Asset
Property developers constantly seek ways to diversify their developments outside of standard warehouse space or classic retail services. Self Storage compliments these other assets by delivering property developers a reliable and completely separate revenue stream that is also a very low risk piece to portfolios. For the same warehouse space that would ordinarily fall to a single customer, self storage would provide 500 customers for the same space.
If self storage is an option you would ike to explore for a development, whether it be we buy or manage an asset in your portfolio, let’s start that conversation.
We Build Successful Storage Businesses.
Our story began in 2015, with the simple ambition of bringing a fresh approach to the self storage industry. Our focus on local communities was in our DNA from the very beginning and has informed everything we do. Over the past five years, our industry has changed through significant innovation in data analysis, automation, digital marketing, a new generation of built design, and the rise of online commerce. Customer habits are changing, and our social habits are evolving at speed. Now, more than ever, the importance of investing in technology and systems, using data to understand our customers, and focussing on staff development are critical elements to delivering a memorable customer experience.
Award Winning Storage
At the 2022 SSAA Awards for Excellence night, held in celebration of self storage industry leaders, StoreLocal was lucky enough to win a total of three prestigious awards including Facility of the Year for our Hendra site, Excellence in Sustainability and Excellence in Industry. These awards are a true reflection of our strong company values in innovation and providing world-class customer service to those who store with us. We have a primary goal of pushing things forward and working with the local community to provide the best service possible.
StoreLocal is committed to management excellence. We focus on the bottom line and bring an owner’s mindset to managing your asset.
Partners have real-time access to their site’s key performance information 24/7, with formal reporting monthly.
Focus on Local & Community
80% of customers usually live within a 15 minute drive time of a facility. Your marketing dollars are spent directly in your local community, maximising your site’s individual performance. Our store-led community partnerships reflect our belief in the power of local communities – combining a local approach with the power of a nationwide platform.
Where We Want To Be
We use our proprietary analytics tool to comprehensively assess and identify key growth corridors primed for investment. Talk to us to find out more about how you can partner with us to capitalise on these opportunities.