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Our development process starts with a thorough analysis and underwriting of sub-markets with favorable demographics and unmet self-storage demand. Through strategic partnerships during due diligence and construction, we can ensure the creation of top-quality facilities. 

MARKET ANALYSIS

The first step in our process is conducting a market analysis to identify sub-markets with unmet self-storage demand. Using advanced global mapping tools, we evaluate key factors such as favorable demographics, above-average rental rates, strong occupancy levels, and population growth. This data-driven approach allows us to pinpoint areas with a clear need for self-storage, enabling us to focus our property search effectively.  

 

​UNDERWRITING

We employ a conservative approach to underwriting potential properties, ensuring only the most viable opportunities move forward. Each property undergoes rigorous evaluation, including future market condition estimates and stress testing to confirm financial feasibility. We will require a third-party feasibility study conducted by a market research firm specializing in self-storage. This independent analysis provides added assurance that our underwriting is accurate and the facility will achieve long-term success. 

 

DUE DILIGENCE 

We conduct thorough due diligence to uncover potential risks and opportunities, ensuring informed decisions and a strong foundation for a successful development. This critical process involves a comprehensive evaluation of the property, including site inspections, market analysis, zoning and regulatory reviews, environmental assessments, and financial feasibility studies. Our goal is to identify all material risks that could impact the property’s feasibility and future investment returns.

 

ENTITLEMENT 

We will obtain all necessary approvals and permits from local authorities before closing on a property. This process includes zoning and land use approvals, construction permits, addressing environmental and community concerns, and ensuring full compliance with local regulations. By completing these steps, we ensure each property is fully entitled and development-ready, reducing delays and mitigating risks for our investors.

 

CONSTRUCTION 

We will partner with a general contractor experienced in self-storage design and construction to efficiently develop new facilities, leveraging insights gained from previous projects. Collaborating closely, we evaluate subcontractor bids, review construction budgets, and conduct regular schedule assessments to ensure each facility is delivered on time and within budget.

 

RISK MANAGEMENT 

Our goal is to identify and prioritize all internal and external risks associated with the development of our self-storage facilities. By leveraging the tools and partnerships outlined above, we implement effective risk mitigation strategies to ensure the design and development processes are executed efficiently. We provide our investors with a clear overview of all identified risks and corresponding mitigation plans, giving them confidence that each development project is a secure and profitable investment.

 

ASSET MANAGEMENT 

We will engage a third-party management firm to oversee day-to-day operations, including unit leasing, on-site management, payroll, and routine maintenance. Our team will collaborate closely with the management firm to ensure lease-up stays on schedule and to monitor monthly maintenance contracts. When market conditions align with our exit strategy, we will manage the property disposition process to maximize investment returns.

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© 2025 S3 Storage Solutions LLC

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