What's the Financial Impact of Smart Storage Units at Your Facility?
We have created a calculator for you to assess the potential financial impact of implementing StorageDefender Smart Storage Units in your storage operations. By selecting the total number of storage units at your property(s) and the expected Cap Rate for property sale, you can view the updated Net Operating Income (NOI) and Property Value Increase in the table below.
“With StorageDefender Smart Units, we’ve been able to maintain and grow our revenue despite declining occupancies.”
Max May, Chief Operating Officer at Easy Stop Storage, recognized the need to differentiate in a competitive market with declining rental rates and increased supply.
In 2022, he implemented StorageDefender Smart Units, achieving transformative results: a 97% tenant adoption rate, a 12% premium increase, and a 90% reduction in break-ins across their 25 locations.
Now, they have a solution that stabilizes revenue and strengthens tenant satisfaction.
– Max May, Easy Stop Storage
Financial Impact at the Facility Level
Number of Smart Units at Property | Monthly Revenue | Monthly Income | Payback Period | Annual Income | Property Value Increase | 25 | $300 | $175 | 12 months | $2,100 | $38,000 |
|---|---|---|---|---|---|
250 | $3,000 | $1,750 | 11 months | $21,000 | $380,000 |
500 | $6,000 | $3,500 | 11 months | $42,000 | $760,000 |