Why Do You Need a Feasibility Study?

  • Self Storage Development & Feasibility

    A feasibility study helps determine whether your project is positioned for success.

  • What Will Operating Costs Look Like?

    Financial modeling outlines projected lease-up, revenue, operating expenses, and debt service.

  • What Will Development Cost?

    We estimate total project costs, including land acquisition, construction, and financing considerations.

  • Understanding Market Demand

    Competitive analysis evaluates existing supply and measures demand for additional self storage in your market.

  • Financing Requirements

    Lenders typically require an independent feasibility study as part of the underwriting process—and owners should as well.

  • What Are the Projected Returns?

    We analyze expected cash flow, return potential, and long-term value creation.

Schedule a Confidential Self Storage Consulting Review

We want to learn more about your self-storage project: A review of your self-storage feasibility will help you answer all the questions you are wondering about

Schedule your free 30-minute self-storage consulting review, please fill-out the form below

What’s Included in Our SC Feasibility Study?

  • Project Overview

    • Detailed summary of the proposed self storage project.
    • Outline of total rentable square footage and planned unit mix.

  • Market Review

    • Evaluation of existing self storage facilities within the primary trade area.
    • Identification of market gaps with recommendations to differentiate the project.

  • Demand Assessment

    • Review of current supply and demand conditions.
    • Analysis of occupancy trends and rental rate pressure within the market.

  • Unit Mix Strategy

    • Proposed mix of unit sizes, types, and target rental rates.
    • Guidance on climate-controlled units and appropriate percentage allocation.

  • Financial Forecast

    Monthly pro forma detailing revenue, operating expenses, NOI, debt service, cash flow, and capital needs.

  • Development Costs

    • Estimated construction and total development costs.
    • Projected financing structure, debt service, and working capital requirements.

  • Lease-Up Forecast

    • Month-by-month lease-up projections identifying breakeven and stabilization timelines.
    • Recommendations to accelerate absorption and reach stabilization sooner.

  • Valuation & Returns

    • Assessment of projected cash flow, equity growth, and facility value.
    • Recommendations on debt structure to enhance investment performance.

  • Market Demographics

    • Demographic profile of the surrounding market.
    • Analysis of income levels to support unit mix and climate-control decisions.

  • Preliminary Review

    • Desktop-level preliminary analysis to reduce upfront costs.
    • Preliminary fees may be credited toward a full feasibility study.