Self Storage Feasibility Study Experience

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

Considering Self Storage Development?
Get Unbiased Third-Party Verification.

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.

Feasibility-Experience

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 Developer, Avon, CT

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 500 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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Most Important Factors for Self-Storage Feasibility Studies

Most Important Factors for Self-Storage Feasibility Studies

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If you’re planning to build a self-storage facility, you want to ensure it’ll be a success. Performing a feasibility study will help lenders determine whether your self-storage project is worth pursuing. What’s more, some lenders require a feasibility study before they’ll extend a loan. A feasibility study evaluates whether your self-storage project will generate enough […]

Certifications and Career Tips for Self-Storage Managers

Certifications and Career Tips for Self-Storage Managers

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Strategies to Gain Self-Storage Facility Zoning Approval

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Getting approval from your local zoning board is one of the biggest hurdles to building your self-storage facility. If you don’t know all the requirements and regulations, your project could be stopped in its tracks. Thankfully, with the right preparation, you can plan your self-storage project for zoning approval. Follow these tips to gain your […]

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Misconceptions About Self Storage Development

Feasibility Studies For Buyers For Owners For Sellers

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