IdeaCache

Capacity Development's Feasibility Wishlist

(This is what you should WISH for - no site will have all these characteristics)

  1. Location - excellent visibility, easy accessibility, high traffic count.

  2. Land - high, level, cleared, no wetlands or toxic waste; inexpensive.

  3. Improvements -sewer, water, telephone and electricity to site.

  4. Zoning - self storage with residence permitted, realistic fire code, appearance allowing some door visibility from street.

  5. Access - secondary streets dedicated, appropriate curb cuts approved, no interfering right-of-ways.

  6. Population - large residential population within 3 to 5 miles, middle class, majority of families owning 2 or more vehicles and commuting more than 20 minutes to work.

  7. Dwellings -Several large apatment complexes within 1 mile of property, one or more trailer parks within same radius.

  8. Convenience - storage site located on the same main artery that serves the mall (just down the street). Grocery store, post office, junior high school and video store located immediately across the street.

  9. Competition - only one competitive storage facility within 5 miles. This competitor is full with a waiting list and has high rental rates. Because of zoning and/or land availability, no other self storage facilities can be built within the 5 mile market area.

  10. Market area - population increasing, new housing developments being built, new businesses opening and relocating to area, population's income level increasing.

  11. Commerical Area - Business parks, office buildings and shopping areas nearby are completely occupied at high rent. Business need for economical storage space.

Get an Expert's Opinion

Choosing the right site is the single most critical decision when developing a self storage project.

Building and phasing the right size development with a proper unit mix is also highly important.

The correct pricing of individual units will aid absorption and help you to compete in the market.

All of our feasibility reports include site specific recommendations on site, size, mix and pricing as well as 7 other key criteria.

We have 20 years of self storage industry experience and hundreds of satisfied self storage feasibility clients. All work is confidential. Basic reports can be upgraded to include financial proformas and/or Banker Reports.

If you are considering buying an existing self storage project, we also analyze currently operating facilities to identify the present market, potential for growth, the project's deferred maintenance and business value.

For a detailed list of research options and costs, contact us at

e-mail at IdeaCache.com.

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Capacity Development Corporation
751 Marion Avenue, Highland Park, Illinois 60035
Phone: 847/433-7510  Email: info@ideacache.com

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