Structures previously used for self-storage that have been repossessed due to owner default on loan agreements or other financial obligations, and are now offered for purchase in the vicinity of the individual conducting the search. These units can range from individual lockers to entire storage facilities.
Acquiring these properties can present a financially advantageous opportunity for individuals or organizations seeking to enter or expand within the storage industry. Repossessed assets are frequently offered at prices below market value, reflecting the seller’s need for swift asset liquidation. Historical context suggests fluctuations in availability, often correlating with economic downturns when default rates tend to increase.