Self-Storage Development: Step by Step
This session provides a concise list of tasks to properly evaluate, plan and build a self-storage facility, including investment objectives, development projections, financing, design and more.
Speaker: James Bratton, CEO, MST Constructors Format: MP3 and PDF Duration: 49 minutes Self-Storage Development: Step by Step During this informative session, our presenter provides a concise list of tasks to properly evaluate, plan and build a self-storage facility. He addresses investment objectives, current cap rates, development projections, financing, and a how-to for design and construction, drawing on many real-life case studies of successful projects. He also walks you through the development of a 100,000-square-foot, multi-story facility that now operates at more than 90 percent occupancy. Attendees will learn what they need to take a realistic development approach for achieving the best possible return on investment.
You will learn:
• Why you should start developing your exit strategy first
• How to set realistic expectations for your development's investment return • Examples of successful real-life projects, from survey to final design • Current cost trends and a review of the estimating process • A brief review of finance-package requirements, yield snapshots and alternate types of financing • Pitfalls to avoid in the development process
NOTE: This audiocast will be delivered to your “My On-Demand Library” in a downloadable zip file folder. Your folder will contain an MP3 audio file of your purchased session, along with the matching presentation slides provided by the speaker.