Asking for 13M but only 4.5% cap rate.
Offer half price
Storage should offer more than 10% cap rate.
Offer 40% of asking 
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Self storage is recession proof. People hold on to their crap to the bitter end. Cap rate too low.
3 Likes
My rule of thumb is $1/sf rent means a valuation of $100/sf. What are the current rents? That price looks like a Silicon Valley price not a Sacramento price.