Self Storage- Deal Analysis basics

[Henry Clark]

Seeing a lot of new posters, Deal Analysis questions.  I've done several Deep dive posts in the past, but like my Tag line.

Start small and Make Your Big Mistakes First.

You want to do several iterations and keep adding and growing.  Don't shoot for perfection or to look good right off the bat.  Make your first iteration 1 hour.  Then 2 hours.  Then 4 hours.  Then 8 hours. Then a Day. And so forth on the same property.  Keep adding. Building your analysis. Post on here for input.  As you read other people's posts, go back and add to yours.  For example, if you read someone's Retail Store post and they mention Fire Sprinklers.  Add that to your checklist, even if you don't need Fire Sprinklers.  Someone else talks about Storm retention ponds, add to your checklist even if you don't need it.

We both Develop and buy Self Storage locations, so we take the same approach even if buying. If you do SFR or MF, you might not do the full build out scenario but use the same approach to review for potential CAPEX expenditures.

Iteration 1:  1 hour then post and ask for input.  Do it quick.  Don't worry about being perfect or impressing.

Land

Fence

Gate

Clearing/Grading

Building

Driveways

External sidewalks

Storm Retention Pond

Storm Sewer

Fire Hydrants

Fire sprinklers

Signage

Billboard

Security Systems.

Electric

Electric lighting

Office

Office equipment

Lawnmover

Permitting

Engineering

Now post and ask for input.  

It's your money, your Right, even if you're Wrong.

Gotta go pickup dinner La Casa Pizzeria on Leavenworth in Omaha.  I'll come back and make the next post.