Market & Site Selection Criteria
With specific criteria, each property is poised for long-term success, benefiting investors and customers alike.
- 1-3-5 Mile Radius to Site
- Number of Households
- Total Population
- Household Income
- Traffic Counts
- Size of Household, Owner/Renter
Target Project Size
Single or multi-story construction
Between $7 million and $10 million with the understanding that the final cost of an individual property may exceed that amount
Primarily climate-controlled storage units, but may contain a small percentage of non-climate controlled units
Primarily non-drive-up units
Institutional-quality construction, such as masonry construction (block or tilt-up), higher-quality fascia (e.g., brick, stucco, etc.) ample glazing, decorative awnings, etc.
Average property size between 70,000 gross square feet and 90,000 gross square feet with a target of 70% efficiency to 85% efficiency
A mix of units ranging from 25 square feet up to 300 square feet, which may contain outdoor space for parking large vehicles
SAFStor’s principals bring over 50 years of in-depth real-estate experience, including having developed over $2 billion of mixed-use real estate since 2012
SAFStor is one of the largest privately held developers of high-quality, professionally-managed self-storage facilities in the United States. The Company’s footprint spans from Texas, throughout the Southeast, and into the mid-Atlantic region. We parter with best-in-class capital providers and management partner, including Extra Space Storage, CubeSmart, and Life Storage. In addition to being a hands-on owner of self-storage, SAFStor is considered a market leader in corporate philanthropy and community involvement.
“The outlook for self-storage facilities in 2018 remains strong, as broader economic momentum supports household formation and consumption.”