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Self-Storage CAM Reconciliation Guide for Landlords

Typical CAM pools, billing errors, gross-up mechanics, and BOMA standards for self-storage properties.

Benchmark CAM per SF

$2.00– $5.00 / SF

Source: Self Storage Association / IREM 2024

Gross-Up Applicability

Not applicable in the traditional sense. Self-storage facilities use gross leases where operating costs are embedded in the rental rate. There is no separate CAM reconciliation for individual storage tenants.

Typical CAM Pools

  • Security (cameras, gate systems)
  • Insurance
  • Property taxes
  • Parking/driveway maintenance
  • Lighting
  • Landscaping (minimal)
  • Management fees
  • Pest control

Standard Exclusions

  • Climate-control unit-specific costs
  • Capital improvements
  • Marketing/advertising
  • Bad debt

Common Lease Structures

Gross lease (most common: tenants pay a flat rate)Modified gross with insurance pass-through

Common Billing Errors

  • Not applicable. Self-storage tenants do not receive CAM reconciliation statements.
  • For ground-leased self-storage sites, errors arise in the property tax pass-through to the ground tenant

Relevant BOMA Standards

  • No specific BOMA self-storage standard. Measured by net rentable SF of individual units.

Self-Storage CAM Context

Self-storage is included for completeness. Traditional CAM reconciliation does not apply because tenants pay an all-inclusive rental rate. However, for self-storage facilities on ground leases or within mixed-use developments, CAM allocation at the campus level does apply.

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