Feasibility Studies
Thinking of developing a self storage facility? Get professional, objective third party verification of your proposed project. When you are investing millions, spend a little and get the recommendations you need to make the right decision—for you. Take out the speculation and talk to the professionals you can trust.
Here are the items that we will provide for you in the self storage feasibility study:
- Executive Summary
- Site Examination and Recommendations
- Development Costs
- Economic Feasibility
- 7 Year Month by Month Cash Flow Projects
- Construction Costs
- Unit Mix and Rental Rates
- Demographics Analysis
- Competition Analysis
- Supply & Demand Analysis
- Self Storage Industry Overview
This data is compiled in a bound presentation of over 70 pages. It is also available in an electronic format for your convenience in forwarding to investors, partners and bankers. We base this data on our experience in developing millions of square feet of self storage, managing over 70 storage facilities in eight states, and brokering over 200 self storage sale 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.
Don’t just take our word for it. Our feasibility studies are highly valued by lending institutions, appraisers, joint venture partners, management firms and, most importantly, owners. Well researched written studies are crucial to providing credibility to the project and project developer. Our industry reputation and overall track record over the years are proven by our clients’ success.
We have the blueprint for your success.