Feasibility Studies
self storage feasibility studies
A self storage feasibility study will provide potential lenders and developers with information that will guide them towards determining if your concept or project is worth the time, capital and effort.
We offer two types of studies, Market Study and a Full Feasibility Assessment.
Market Study
These popular studies typically take 7-12 business days to complete. Our services are not limited to the eastern seaboard; we can complete a study for any project location in North America. Give a call to discuss your project.
A typical Market Study would include:
- Analysis of market area demographics
- Demographic report
- Location evaluation
- Competitor map and profiles
- Rate matrix
- Local area supply & demand calculations
- Competition & saturation
- Traffic estimations
- Market barriers
- Commentary about the site and market as well as an executive summary with recommendation.
Market & Feasibility Study (Full)
This study is a more comprehensive study and is our most popular study and includes the research for a more comprehensive review, including the information necessary to secure funding for a project. We include all of the details from a Market Study along with:
- More detailed competitor profiles
- Estimated development costs
- A full financial analysis
- Competitor map and profiles
- Suggested unit mix (sizes, types, totals)
- ROI and cash-on-cash return analysis
- 5 to 10-year proforma
- Rent up and vacancy projections
- Cash flow analysis
- Site design and unit mix recommendations
- Potential of project success & recommendations
This report is perfect to take to your lender or for in-house review. If you have previously engaged Dream Storage Group to conduct a Market Study, the cost will go towards the cost of a full study.
If you are starting a self storage facility, contact Dream Team Storage Group. Dream Team Storage Group is an experienced self storage group that has helped many facilities nationwide perform studies.