Feasibility Experience

We understand how to make your self storage project a successful one.

Thinking of developing a self storage facility? Then a feasibility study is what you need. Our goal is to have your self storage development project be a success, whether it is your 1st or your 40th self storage endeavor. A comprehensive investigation of the proposed location and the local market is crucial to that success. We provide 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.

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Feasibility-Experience

Supply & Demand Study

An initial supply and demand study will indicate whether a development would be supported by the market. This report is delivered in PDF Format, and includes the following:

  • Demographics
  • Competition Location Map
  • Supply & Demand Analysis

Cost:  $500
Timeline:  5 Business Days

Condensed Feasbility Study

Projected valuation on the facility. This report is delivered in PDF Format, and includes the following:

  • Executive Summary
  • Competition Location Map
  • Supply & Demand Analysis
  • Rent Comparable Summary
  • Projected Gross Scheduled Income
  • Stabilized Net Operating Income
  • Demographics
  • Qualifications of Investment Real Estate Staff

Cost:  $2,500
Timeline:  10 Business Days

Full Feasibility Study

Extensive evaluation of proposed development. This report is delivered in PDF Format and we also provide a printed and bound copy, and includes the following:

brokerage - feasibility study example

    • Demographic report with summary analysis.
    • Total supply and demand analysis for self storage within the market.
    • Information, photos, maps and analysis of competing facilities.
    • Recommended project size.
    • Construction estimates.
    • A review & examination of the proposed site.
  • Recommended unit mix (excluding layout) and pricing recommendations.
  • A detailed financial analysis of the project including gross scheduled income, income & expenses, rent up period cash flow analysis and seven year cash flow projections.
  • A general overview of the self storage industry.
  • An executive summary with the overall findings for the proposed site.

Cost:  $7,500
Timeline:  6 Weeks

 

Our Development Pro Forma is the heart of the feasibility study. 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 facilities in eight states, and brokering over 450 self storage sales 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 and 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.

 

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View Our Portfolio of Past Sales
Portfolio of Past Sales

Wolcott Self Storage

85% Occupancy Satellite Property

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coatsville-self-storage-ire-llc
Portfolio of Past Sales

Coatesville Self Storage

Property Highlights & Opportunities Offers Due Thursday, November 15th Opened in April 2017 67,007 Net Rentable SF Leased 35,000 SF in the First 19 Months Only Temperature Controlled Facility within 5 Miles Competitive Radius Excess Storage Demand of 142,000 SF in 3 Mile Radius Excess Storage Demand of 225,000 SF in a 5 Mile Radius […]

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Secur Stor Self Storage
Portfolio of Past Sales

Secure Stor Self Storage

Property Highlights: 13,950 SQ FT 5,400 SQ FT of Temperature Controlled 2,000 SQ FT Ready for Expansion Inside Fenced Area 5 Total Acres

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Bethel Self Storage Park, Bethel NY {
Sold For $2,100,000.00
Portfolio of Past Sales

Bethel Self Storage Park

Bethel Self Storage Park is comprised of 11 buildings and opened in 2004. The facility consists of morethan 200 storage units, including outdoor parking spaces, carports, barn storage units, a rental house and an apartment above the rental office as well as a box truck.

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Ideal Self Storage, PA
Portfolio of Past Sales

Ideal Self Storage Portfolio

Property Highlights: 4 Locations 142,075 NRSF $64.05 Price Per SF 87.8% Occupancy at Mature Sites New Location Opened March 2018 – 33% Occupancy Potential Expansion at Sunbury Location

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