REQUIRE A FEASIBILITY STUDY?
In today’s climate, there are four main reasons to perform a feasibility study for a self-storage project:
- To confirm your own initial findings that a site has the required demand and other features needed for a great self-storage location;
- To obtain estimated construction costs, along with an income-and-expense pro forma to better understand the financial scenarios and opportunity for profit;
- To better understand your competition so you can plan accordingly; and
- To satisfy the feasibility study requirement of banks or investment partners.
Essentially, a good study will answer several questions and provide a wealth of information to guide planning as well as the site and building design.
To download the CSSVS Feasibility Study Deliverables sheet, please click on the ‘Download Now’ button below and fill out the following form.