We are hopeful that we can start construction in October of this year.Cedar developed plans and elevations - final.pdf

And then you also start getting into other systems like elevators, potentially, commercial building codes and requirements, etc.

Self Storage Project Worksheet Drive up StorageNotes:Land$200,0004 acres at $50,000/acreSurvey$7,000Site, elevation and building layoutFence$30,000Black chainlinkGate system$25,000Automated rolling 20ftEngineerif needed; $30,000 to $60,000Dirt work$15,000Slight roll, no dirt brought on siteBuilding demoif needed, $15,000 to $60,000Electrical- site$7,000building lighting and office if needed, LED.Electric polesif needed; $2,000 per pole.

If you believe inflation is going to be elevated at 6% for the next 10 years, sure, you care less about having a low cap rate now because your rent will continue to increase.

There is a difference between flood zone and floodways a floodway is basically if the area was to flood that would be the most velocity of water as it moves to lower elevation.

Lake stays within 1 foot of elevation for the 2 large pumping stations.

Having the windows in adds a lot the elevations.

What’s the construction of the elevated floor(s)?

I have seen some claims get denied because the owner did not elevate their personal belongings. 

We filed plans for a 12,000SF 17-unit elevator building.