The availability of previously owned, repossessed storage structures presents a potential acquisition opportunity. These units, often obtained by financial institutions due to loan defaults, are subsequently offered for sale. The proximity of such offerings is a key factor for prospective buyers seeking to minimize transportation costs and facilitate on-site inspections.
Acquiring these structures can offer considerable cost savings compared to purchasing new units. Furthermore, the repossessed nature of these buildings often results in motivated sellers, potentially leading to more favorable negotiation terms. Historically, the market for these buildings fluctuates with economic cycles, increasing during periods of economic downturn due to higher rates of loan defaults and repossessions.
