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Updated about 10 years ago,

User Stats

123
Posts
123
Votes
Matt Skinner
  • Developer
  • Los Angeles, CA
123
Votes |
123
Posts

Developing self storage in southern Oregon. Need some advice.

Matt Skinner
  • Developer
  • Los Angeles, CA
Posted

I own 1.75 acres in southern Oregon that I want to develop into approximately 40,000 SF of self storage.

Anyone have any basic "rule of thumb" or "cheat sheet" operating expense formulas that I can use for a proforma? 

I hired a feasibility consultant and have paid for a demand/absorption rate study. 

But before I plonk another few thousand down for the consultant  to do a formal pro-forma I want to do my own quick-and-dirty SMV (stabilized market value) underwriting. 

Any tips or comments would be helpful - especially from those with experience operating self storage in this space. 

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