Underwriting a Self Storage facility - Help needed

[Kaustubh Johri]

Need guidance and direction from the experts here. I am looking at a SS facility in GA. Following are the details - 

- 15000 NRSF 

- 110 UNITS

- 60 Parking Spaces 

- Physical occupancy - 93% , economic occupancy - 60% 

- Population - 1 mile : 5000, 3 mile : 35000, 5 mile : 115000

- Supply - 1mile:  20 SF/Capita , 3 mile: 9SF/C , 5 mile : 7 SF/C

- Traffic - 22000 VPD 

- Gross Income - 130K/YEAR , NOI - 75K

How would you underwrite this ? 

What are the important elements to look out for while underwriting this property ? 

What is a realistic physical vacancy in the SS industry ?

What are different ways to reduce Op expenses ?

Is this a "good" deal ? 

Any other tips/suggestions would be appreciated !