Self-storage
Rented by the month
A storage facility re-leases in months, not years. Altyst prices it off net rentable square feet and in-place rent, and the rollover carries the quick turns, negligible make-ready cost, and structural vacancy the class runs on.
Gross agreements, not office leases
Month-to-month agreements carry no tenant improvements and no leasing commissions on a turn, and no expense recoveries either: the landlord holds the operating costs. The defaults start from that doctrine, and every one of them is yours to edit.
- Net rentable square feet and in-place rent drive revenue
- Turns carry no TI and no LC, only downtime
- No recoveries: the landlord carries operating costs
In-place rent / SF$14.20Rent roll
Structural vacancy11.0%Editable
TI and LC on turn$0Month-to-month
The same debt and exit engine
Debt sizes on LTV, minimum DSCR, or debt yield, and the exit capitalizes the stabilized NOI. Base, upside, and downside run side by side, so an occupancy stress is one assumption away.
- Sized on LTV, minimum DSCR, or debt yield
- Exit on stabilized NOI at your exit cap
- Base, upside, and downside side by side
Occupancy
89%
Debt yield
9.4%
Going-in cap
6.1%
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