Ground Up Self Storage!

[Ashanti Kouna]

Rookie here! So, my husband and I just moved into a 2yr old luxury apartment complex in a very nice community. Across the street is a shopping and entertainment complex. Right outside of my complex is 1-7.5 acres of commercial land lots. It's listed as retail and office outparcels. I'm thinking that this would be an excellent place for ground-up self-storage. I'm still learning here, is this something that I qualify to look into, and is this a good idea? Am I asking the right question? Haha!

[Alan Bostick]

I am also looking into developing self storage. Some of the answers I’ve gotten from others. I’ve been told development costs between $35-$45 sq foot plus cost of acquiring land. If you can figure out market rents and how much land costs and how many units can fit in that land, you’ll better be able to crunch the numbers. 

Following this post also!
Good luck @Ashanti Kouna!