Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.

Posted over 4 years ago

Self Storage- Cost to Build?

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

Normal 1609607026 Cb Rr Build

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.

******************

Correction.

I forgot we built an extra concrete slab, that we are not putting a building on this year. This is included in the Bldg Slab cost. Backing it out, the total Concrete slab cost is $92,000 versus the $128,000 shown above. This was a 40 x 220 building, which is not shown in the buildings above, but which was in the Bldg Slab cost.

Total erected building is now $225,000 plus $79,000 plus $92,000=$396,000

22,000 sq ft is correct, it did not include this extra slab.

New cost per sqft is $396,000 / 22,000 sqft= $18.00/sqft.

This is only for the erected building, not land, fence, roads, electric, security, etc.

***************



Addl info. We went with a "Standing Seam" roof for these buildings. A little higher cost than normal screw down.



Comments