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 400 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
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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Monroe Storage Services
Portfolio of Past Sales

Monroe Storage Services

Property Highlights Include: 572 Units Class “A” Facility in Market 70,750 Net Rentable SF Additional 2 Acres of Expansion Physical Occupancy 81.2% 6.25% CAP Rate Located 2 miles from Atlantic City Expressway

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Portfolio of Past Sales

Nandua Mini Storage

Property Highlights Include: 22,350 Net Rentable SF 158 Units + On-Site Office Significant Management Upside Significant Expansion Area – 10.8 Acres Total Well-Maintained Property Growing Area 10.1% Cap Rate

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Portfolio of Past Sales

Rondout Valley Self Storage – 3 Property Portfolio

Property Highlights Include: 276 Units 30,825 NRSF 7.5% Cap Rate Pride of Ownership No Tenant Insurance Program Consistent Occupancy Levels Revenue Management Upside

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Portfolio of Past Sales

Valley Self Storage

Property Highlights Include: 280 Units 33,500 NRSF 20,000 NRSF Expansion 7.5% Cap Rate Pride of Ownership Consistent Occupancy Levels Revenue Management Upside No Deferred Maintenance

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