A feasibility study will help you assess the potential success of your self-storage project.
A feasibility study will provide detailed financial projections for your self-storage project. These projections will review potential lease up, revenue, expenses, and debt service.
We will provide an estimated cost analysis of your project taking into consideration land, construction, and financing costs.
A self-storage feasibility study will review the competitive landscape of your market and help you assess the demand for additional self-storage.
Most lenders require a self-storage consultant to perform a feasibility study. This is something you should require as well.
A feasibility study will provide estimated cash returns and equity build-up to help you assess the potential of your self-storage project.
We want to learn more about your self-storage project: A review of your self-storage feasibility will help you answer all the questions you are wondering about
Summary outlining your self-storage project in detail.
Breakdown giving overall square footage and unit mix of project.
Analysis of all current self-storage competition in your primary market.
Find voids in the market and will make suggestions to set your project apart.
Analysis of market supply and demand.
Provide in-depth analysis on market occupancy and any softness with rental rates in the market.
Provide unit mix showing various unit types and rental rates.
Recommendation on temperature controlled units and what percentage to blend into unit mix.
Financial proforma broken down by month showing revenue items, expense items, net operating income, debt service, cash returns and working capital requirements.
Projected project costs including construction costs and additional development costs.
Estimated debt service and working capital requirements.
Estimated lease-up by month showing project breakeven point and estimated time to project stabilization.
Recommendations to accelerate lease-up to help stabilize the project quicker.
Analysis of cash returns, equity build-up and facility values.
Recommendations on structure of debt service to help with investment returns.
Demographic analysis of your project’s market.
Evaluate disposable income levels to help determine optimal unit mix and blend of temperature controlled units.
We offer a desktop preliminary study to help reduce your costs. If you like the results of the preliminary study, we can apply what you spent toward a feasibility study.
See feedback from some of our clients
"Twenty plus years ago we made a decision to partner with Advantage Consulting and Management. That decision has been the basis for our company’s consistent growth in both the top and bottom line. Advantage’s industry expertise and experience has enabled an independent self-storage business to successfully compete with national and regional self-storage chains."
"Advantage Consulting & Management has done a wonderful job for me, for many years. I was impressed when they made a change with a manager that was struggling and they quickly hired a new manager that was more dynamic and very successful in renting storage units. They think like an owner, and use strategies to maximize income. I appreciate how they communicate with me when it is appropriate. They also helped me with my Billboard."
"Across our self-storage portfolio of nine facilities in three states, we have worked with four different property managers. I can’t count the number of times we have looked around the table and said that we wish all of our managers could be as responsive, proactive and knowledgeable as the Advantage team. We are always looking for additional facilities to add to the Advantage team’s oversight and view the team as a competitive advantage for us as owners. Thank you to Brad and the rest of the Advantage team for all you do!"
"I attended Brad's Marketing and Sales presentation in Springfield, MA May 7th and it was absolutely the best, most informative seminar I've ever been to! I can't wait to start working on some of his ideas. I was missing so much in my Marketing and Sales plans and I believe that what I learned in his discussion will greatly improve our business!"
"This information gave me a new outlook on marketing self-storage and how to creatively maximize my marketing plan."
"Brad's feasibility study was very helpful in giving us the demand, unit mix and design elements for our project. The financials gave us greater insight into the cost to develop and what the cash and equity returns looks like. We haven`t started yet but his direction gave us a spring board to work from."
"Brad and his team at Advantage are the most professional and well-run management group in the self-storage industry. The entire staff is well-trained and conscientious about maximizing the performance of all our facilities with great attention to every important detail. Their team takes great pride in our success and the growth we’ve achieved is in no small part correlated to their efforts for our facilities in the day-to-day management. Advantage is an outstanding choice for self-storage management."
"We were very fortunate to find ACM in the beginning of our Storage Facility Investing, over 20 years ago. Their team of professionals helped us with unit mixes, market rates, facility marketing and everything in-between. ACM has been the catalyst in our growth as we now have 4 large locations in Ohio and have been experiencing high occupancies and rates, thanks to their management. I can't thank ACM enough for their responsiveness and expertise in managing our self-storage locations."
"Brad’s feasibility study helped us determine so many things we had not thought about like how large to build, percentage of temperature-controlled storage and what the unit mix should look like. The proforma was extremely helpful giving us good insight into construction cost, a detailed proforma, lease-up schedule, market study, cash returns and equity build-up. Brad also determined if the market is under or over-built by providing a demand analysis. It’s nice getting a feasibility study from someone in the industry who understands the development and operations of a self-storage facility."