Commercial Industrial oppurtunity in OC CA

[Victor Zeytin]

My family owns a largish parcel of land of about 2.5acres on the 405fwy in Fountain Valley which might present an opportunity for me. I'm doing some preliminary research for usage cases for the parcel. I was thinking a self storage type of business would be great. It's in an industrial area. It would need to be a ground up development however and I personally haven't done that before. How does one go about researching the best usage cases for a parcel like this? Are there resources for an average Joe in figuring out how to maximize the revenue for an opportunity like this?

Thanks in advance

[Scott Meyers]

Hey Victor!

If you're wanting to develop Self Storage, eventually you're going to need a Feasibility Study.  I would normally recommend Bob Copper with Self Storage 101.

However, if the question is wide-open and you're wondering what in general would be best to do with that land, there is a lady out of California named Jo Beth White, with Development Services, Inc. who conducts Reverse Feasibility Studies for commercial projects nationwide.

In other words, instead of asking, "Should I build XYZ?", she'll come back and say, "Based on what you've got going on THIS would make the most sense."

Granted this is not preliminary research, but instead having an expert assist you and there would be a cost associated with that.  However, when the time comes to do so...

(Please note that I have no horse in this race or financial incentive with either Bob or Jo Beth, just folks whom we've used before and still recommend.)

I hope this helps.

Scott