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 many banks (especially Small Business Administration lenders) 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 feasibility study deliverables please fill out the form below.