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Self Storage Searches

On this page
  1. Usually More Than One Parcel
  2. Access, Signage and Visibility
  3. What the Buyer Is Actually Acquiring
  4. Liens That Turn Up on These Sites
  5. Ordering the Search

Usually More Than One Parcel

Self storage sites are assembled more often than they are built from scratch, and the assembly shows up in the record rather than on the ground.

A facility that presents as one property is frequently two or three tax parcels acquired at different times from different sellers, sometimes with a strip of vacated alley in between. Each parcel carries its own chain, its own encumbrances and its own tax bill, and a search ordered on one parcel number covers exactly that parcel.

Conversions are equally common. A closed supermarket, a light industrial building or a former retail box becomes storage, which means the chain runs back through a use that may have left recorded instruments behind. A chain of title search reaching past the conversion is the version of this search that actually helps.

Access, Signage and Visibility

These facilities live or die on visibility from a road, and the rights that provide it are frequently recorded separately from the land.

Four ways a self storage site is assembled from separate parcels, covering acquisitions from different sellers at different times, a vacated alley between them, a converted building with an earlier use, and phased expansion onto adjoining land
A search on one parcel number covers exactly that parcel.
  • Access easements where the entrance crosses an adjoining parcel, which is common on assembled sites and on outparcels behind a retail strip.
  • Sign easements permitting a pylon or monument sign on somebody else's frontage. These are genuine property rights with genuine value, and they expire.
  • Reciprocal easement agreements where the facility sits within a larger center, governing parking, circulation and sometimes hours.
  • Drainage and detention easements, since large roof and paving areas generate stormwater obligations that are often satisfied off site.

A facility whose sign rights lapse, or whose entrance depends on a neighbor's goodwill rather than a recorded easement, is worth materially less than the same buildings with those rights secured. The instruments are recordable and the question is whether anybody recorded them.

What the Buyer Is Actually Acquiring

Three things travel together in a sale and only one of them is real estate.

Four recorded rights a self storage facility depends on, covering access easements where the entrance crosses adjoining land, sign easements on another owner's frontage, reciprocal easement agreements within a center, and drainage easements
A facility whose sign rights lapsed is worth measurably less.

The real property is the land and the buildings, and that is what a title search covers. The business is the tenant roll, the management system, the rate structure and the operating history, none of which touches the county record. The personal property is the doors, the gates, the access control system and the office equipment, which may be subject to UCC filings.

Tenant occupancy agreements are almost never recorded and are usually terminable on short notice, which is unlike most commercial leasing. That cuts both ways. A buyer is not bound to a long tenancy, and the income is correspondingly less secure than a leased building would be.

Liens That Turn Up on These Sites

Alongside the ordinary mortgages and judgments, three appear often enough to look for specifically.

Comparison of the real property in a self storage sale, which a title search covers, against the business and personal property, covering the tenant roll, rate structure, access control equipment and UCC filings
Occupancy agreements are rarely recorded and usually terminable on short notice.

Mechanics liens from a conversion or expansion. Storage facilities are expanded in phases, and each phase generates contractor exposure that can be filed months after the work finishes.

Special assessments and impact fees. Frequently imposed when a site was developed or a use changed, and payable over many years.

Environmental instruments where the site was previously industrial. A recorded use limitation restricting excavation is a real constraint on a facility that may want to expand.

Give us the address, the county, every parcel number in the site, the exact name of the ownership entity with any former names, and the adjoining parcels if access or signage crosses them. Tell us what the buildings were before, if they were something else.

A full chain search on each parcel with a judgment and lien search against the entity is the usual scope. For a buyer acquiring several facilities, a portfolio search is the sensible route.

A title search reports what was recorded and found in the indexes reviewed, as of the day the work was done. It does not report occupancy, revenue, or whether a sign permit remains current. See all search products, or send us the parcel list and we will scope it before anything is ordered.

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