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Feasibility Studies
Our goal is to have your self storage development project be a success. A comprehensive investigation of the proposed location and the local market is crucial to that success.
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“I was glad that I had Investment Real Estate look at my sites. They’ve done three studies for me and gave me the go-ahead for two. I appreciated their forthrightness in pointing out the problems I would have had with the one site, and since we found out early in the process, they saved me a lot of money in the long run.” Hutch Haines |
Our feasibility study provides you with objective third-party verification of your proposed project and gives a recommendation whether to proceed or not proceed. Performing a feasibility study is essential to determine whether your money is being invested wisely.
Here are the items that we will provide for you in the feasibility study:
- Executive Summary
- Site Examination
- Development Costs
- Economic Feasibility
- Construction Costs
- Unit Mix
- Demographics Analysis
- Competition Analysis
- Supply & Demand Analysis
- Self Storage Industry Overview
Our nineteen-page development pro forma is the heart of the feasibility study. The data contained in the Pro Forma is based upon our experience in developing millions of square feet of self storage, managing over 70 facilities in eight states, and brokering over 200 transactions. We incorporate rental rates, operating expenses, development costs, phasing recommendations, and capital reserves with realistic lease-up assumptions to determine your multi-year investment returns. This pro forma is the blueprint for measuring the future success of your project.
Our feasibility studies are highly valued by lending institutions, appraisers, joint venture partners, management firms and, most importantly, owners. A well researched and written study provides credibility to the project and the project developer.
We differentiate ourselves by providing our clients with objective advice. Our reputation in the industry and our track record over the years are proven by our clients’ success.