Storage Facility New Construction

[Andrew L.]

I am looking at constructing a 200 unit boat and RV storage facility. This will be our first storage facility. I was wondering if there was anyone out there that could help me forecasting numbers. I feel pretty confident about forecasting rental rates and vacancy percentages. It's really the expenses I'm having trouble with. Below is what I have for expenses. Numbers are what I need help on. Accounting Bank Charges Interest (I can do this one) Repairs Maintenance Payroll Marketing Professional Fees & Licenses Utilities Income Taxes We will electricity on the property for the tenants. The rent will include the cost of electricity. But I would still like to know how to figure out the expense. Any help on the above mentioned expenses would be greatly appreciated. Also, are there certain expense ratios for this type of property similar to the 50% rule? Thanks again. Andrew