4d • 📢 GENERAL DISCUSSION
Self Storage Auction
Hi All,
So on Crexi we are seeing self storage auctions for facilities.
My question is how the auctions are executed and what possible offer choices can you do.
For example:
1) Can you put in a master lease agreement ?
2) Can you put in a seller financing agreement and terms?
3) Purchase Conditions: Deposits (refundable or not), Financial, Review rent roll and expenses...
4) How long does an auction for a property last? All offers come in like a silent auction. Then after 8 hrs of accepting offers, then the seller reviews the offers and responds.
Or is it just a fixed price? then goes up in real time and you have to be ready with your price and conditions and submit it in.
Is it free to enter an auction?
Thanks in advance for the help.
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Self Storage Auction
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StorageAce empowers you to build a cash-flowing self-storage portfolio, offering tools and systems for financial freedom on your terms.
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