Trulia Voices: what are market conditions for self storage facilities?http://www.trulia.com/voices/Market_Conditions/what_are_market_conditions_for_self_storage_facili-132024en-usAnswer by Wendy Pearsonhttp://www.trulia.com/voices/profile/Real_Estate_Pro-Philadelphia_PA-779484/http://www.trulia.com/voices/profile/Real_Estate_Pro-Philadelphia_PA-779484/Also lots of facilities are going to have a hard time refinancing with tougher guidelines from banks and lower values. Could be interesting how tough banks get if owners cannot come up with more equity.Fri, 05 Jun 2009 20:03:39 -0700Answer by Wendy Pearsonhttp://www.trulia.com/voices/profile/Real_Estate_Pro-Philadelphia_PA-779484/http://www.trulia.com/voices/profile/Real_Estate_Pro-Philadelphia_PA-779484/Are you looking to buy a facility? John Gilliland is a great resource and very helpful. You can reach him through his website. In general, cap rates are down 100 to 150 basis points and NOI is off 10 to 15% at the average facility bring the prices in around 30%. Not much trading as sellers don't like the new reality but take a look at the public REITs for an idea on where prices are (UHAL, SSS, YSI or PSA). Good luck!Fri, 05 Jun 2009 20:00:38 -0700Answer by Christopher Kavanaghhttp://www.trulia.com/voices/profile/Real_Estate_Pro-19930-128981/http://www.trulia.com/voices/profile/Real_Estate_Pro-19930-128981/Buy? Sell? Lease? Chris Kavanagh Coldwell Banker Bethany Beach, DE 19930 302-829-9068 chris@5starbeachhomes.comTue, 02 Jun 2009 11:39:31 -0700