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Henry Clark
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Self Storage- What's it cost to Build?

Henry Clark
Pro Member
#1 Commercial Real Estate Investing Contributor
  • Developer
Posted Jan 2 2021, 09:04

Was responding to a person on Cost to build storage.  Just the building and not land, roads, sundry.  This is for a drive up metal building with rollup door. 

This is a project we are actually building now. This was contracted about 6 months ago. Steel has taken a recent increase and I was informed our next buildings might cost 20-25% higher for the building itself. 

$225,000 Building 7% sales tax included
$ 79,000 Bldg Erection
$128,000 Bldg slabs, with rebar.  18 inch footings normal.

$432,000 Total Building installed.

$51,000 Frost free footings, this new town requires, not included above.


Buildings:
15x160 2,400
40x50 2,000
40x40 1,600
40x200 8,000
30x220 6,600
20x30 600
20x40 800

Total 22,000

$432,000 Erected building
22,000 Total sq ft

$19.64 per sq ft

Due to water, sewer lines and drainage, we had to put several small buildings up front.  This slightly increases the cost on the buildings, erection and building pads.

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