Article submitted by Mike Stinson, CCIM, Sales and Leasing Agent for Saurage Rotenberg Commercial Real Estate, LLC
Written by Ben Vestal | October 18, 2018
In 2018, the business of buying and selling self-storage properties has become much more complex than in years past, but the discussion always ends up focusing on market capitalization (cap) rates. Unfortunately, most people don’t fully understand all the ramifications of this seemingly simple calculation. Hopefully, this summary will help clarify this mysterious yet fundamental concept.
Mike Stinson, a native of Monroe, Louisiana, is a graduate of Louisiana State University (LSU). A real estate licensee since 2004, Mike specializes in the sale and leasing of commercial real estate. A Designee member of the Certified Commercial Investment Member Institute (CCIM), Mike’s other professional memberships include Baton Rouge’s Commercial Investment Division (CID), the LSU Alumni Association, REALTOR Land Institute (RLI), and an affiliate member of the National Association of REALTORS® (NAR).
Saurage Rotenberg Commercial Real Estate, LLC is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).
