COMING SOON

HAVE A SITE YOU'RE INTERESTED IN DEVELOPING SELF STORAGE ON?

LOOKING TO EXPAND YOUR EXISTING SELF STORAGE FACILITY?

 

HARBOR STORAGE GROUP, LLC OFFERS THREE DIFFERENT FEASIBILITY REPORT OPTIONS TO HELP DEVELOPERS EVALUATE THEIR POTENTIAL INVESTMENT.

SUPPLY AND DEMAND STUDY

OUR SUPPLY AND DEMAND STUDY IS AN INITIAL MARKET REPORT WHICH INCLUDES THE FOLLOWING:

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  • Location Analysis 

  • Market Demographics

  • One, Three and Five-Mile Competition Location Map

  • Internet/Phone Rate and Discount Survey of Market Competition

  • Review of Planned and Proposed Facilities within the Market

  • Market Overview

This study is a Desktop Review and provides data which is intended to help the user determine if the subject site warrants further research.  Subject site and competitor site visits along with unit-mix recommendations, rent rate suggestions and financial data can be added to this study for an additional fee.  Travel not included.

$3,500

This report can typically be completed in 10 Business Days.*

ABBREVIATED FEASIBILITY STUDY

A MORE THOROUGH & IN-DEPTH REPORT, THE ABBREVIATED FEASIBILITY STUDY** INCLUDES THE SUPPLY AND DEMAND STUDY PLUS THE FOLLOWING:

  • Detailed Executive Summary with Recommendations

  • Self Storage Industry Overview

  • Market Demographics

  • Detailed Competitor Review (including qualitative analysis and rate comparisons)

  • Unit Mix Recommendation

  • Rent Rate Recommendations (based on current market pricing)

  • Summary Operating Expense Projections

Site and Market Competitor Visits provided with this study.

$5,500 plus travel

This report can typically be completed in 15-20 Business Days.*

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FULL FEASIBILITY STUDY

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OUR MOST COMPREHENSIVE REPORT, A FULL FEASIBILITY STUDY** INCLUDES THE ABBREVIATED FEASIBILITY STUDY PLUS THE FOLLOWING:

  • Site Plan Review

  • Detailed Expense Projections

  • NOI Projections (Monthly for 36 Months + 7 Year Annual Projections)

  • Detailed Development Projections

  • Suggestions for Pre-Opening Marketing and Operation Functions

$8,500 plus travel

This study can typically be completed in 30 Business Days.*

* Completion date is based on the date Harbor Storage Group, LLC and the Client agree upon for the start date of the Study, not the contract date. 

** The cost of a Supply and Demand Study will be applied to an Abbreviated Feasibility Study or a Full Feasibility Study.