Investors interested in making money in real estate investment trusts are looking forward to dabble with a secure source of income – not luxury properties or high-rise malls, but storage warehouses, according to the Wall Street Journal on June 16.
One recent example was the sale of an Orlando-based self storage location, which was sold for $11.8 million after a bidding war between 18 contenders.
The self-storage sector is different than other aspects of commercial real estate, as the majority of properties are owned by individuals or small investors. Population growth and a strong economy has contributed to a revitalized housing market, which in turn influences the strength of the self-storage industry. People who move always need a place to store belongings.
It is easy to see that Austin itself is growing, and Mopac Self Storage is here to meet the city’s needs. To store your belongings, whether short or long-term, call our offices today at (512) 244-1011 and learn more about our self-storage options.