This document discusses the importance of feasibility studies for real estate development projects. It outlines the key components of a self-storage or RV storage feasibility study, which include industry trends, site and market analysis, financial projections, and recommendations. It also describes the due diligence and loan portfolio submission processes. Development Services Inc. specializes in feasibility studies, due diligence, loan submissions, and select project management for self-storage and RV storage projects.

1. DEVELOPMENT SERVICES INC
FEASIBILITY STUDYFromYour Storage Feasibility Expert
A Feasibility Study is crucial to
the long term success of any real estate
development. A good feasibility study
becomes the marketing plan - a market
driven - strategic plan and development
concept that is the first step in ascertain­
ing the viability of a project.
There are three integral conclusions
to a feasibility study - these are:
+ Economic Feasibility
+ Developmental Feasibility
+ Physical Feasibility
A Self-Storage or RV Storage
Feasibility Study normally in­
cludes:
+ Self-Storage/RV Industry Trends
+ Site Information & History includ­
ing aerial photos if available.
+ Preliminary Site Plans (supplied by
others)
+ Future Facility Improvements
+ Promotion and Marketing Analysis
+ Rental Competition Report and
Analysis including photographs
+ Demographic Analysis & Crime
Statistics
+ Planning and Construction Activity
Report
+ Supply and Demand Analysis in­
cluding per capita usages
+ Market Equilibrium and Absorp­
tion Analysis
+ Proforma and Financial Analysis
+ Conclusions and Recommendations
+ Assumptions and Limiting Condi­
tions
RECORD STORAGE PROFORMA
ANDIIIIIILYSIS
Completion ofrecord storage financial
analysis including lease up assumptions
and IO year annualized income/expense
and future value analysis
DUE DlllGENCE
During your escrow contingency period
you should complete the project due
diligence research. Due diligence
research is required to approve a project
for closing.
Due diligence may include
any number of items.
These may include:
+ Feasibility Study
+ Title Report
+ Environmental Phase I Report
+ Project Budget and Development
Fees
+ CC&R's and Architectural Control
+ Project Financing and Lenders
Commitment
+ Zoning, land use entitlements and
conditions of approval
+ CUP Approvals
+ Easement & Deed Restrictions
+ ALTA Survey
lOAN PORTFOllO
A critical component in receiving the
lenders commitment is the presenta­
tion of the loan portfolio. A loan
portfolio should include the following
items:
+ Feasibility Study
+ Compilation of items completed
during the due diligence period and
three years tax returns on all principals
+ Business Plan
Our Other Services
DueDiligence Processing
LoanPortlolioSubmission
selectProiectManagemem
Development Services Inc. specializes
in the feasibility, due diligence, loan
portfolio submission and select project
management for Self-Storage and RV
Storage Projects. To request informa­
tion please contact:
JoBeth White, President
1023 Calle Sombra Suite A
San Clemente, CA 92673-6243
Phone 949.218.3655
Mobile 949.433.3395
Fax 949.218.3656
JoBeth@StorageFeasibility.com
www.StorageFeasibility.com