Looking to Build Your First Self-Storage Facility? Read These Insights First

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Creating and Executing a Site Plan

When developing your site plan, make sure you have an attractive, functional office layout with good curb appeal. The layout should allow your customers to get into the office without going through the gate. Place the gate keypad so there’s room for a car or truck to pull in and enter a code without blocking the street or sidewalks. Design the driveways to flow throughout the site and exit through that same gate if possible. Avoid creating dead ends, as the last thing you want is drivers backing out of an aisle. The general public isn’t good at driving backward, especially in a rental truck.

When developing a site plan, make sure the facility has an attractive, functional office layout with good curb appeal, such as this office at Heceta Self-Storage.Once you have a good idea of where and how you want to build, take the plan to the city planning authority for review. In many areas, you’ll need to conform to the recommendations of the architectural review board. This means they may dictate how your project must look. Developers are often irritated when the city issues requirements that cost them money, but in some respects, they’re forcing you into building a nicer facility that will most likely help you rent units.

That being said, you’ll still have to make sure you can afford all these extras while making the project economically feasible. In some communities, meeting the architectural standards is so costly that you cannot get enough rent out of the project to make it viable. In these areas, you may find the city is more receptive to a plan that involves converting an existing vacant building into self-storage.

Working With a Team

Once your plans are approved from the planning commission, you’ll need to build a team of experts to ensure the project is constructed properly and on time. One of the most visible choices you’ll make is your building type. Look for a building supplier and builder with experience in the structures you’re planning to build, and visit sites of their other customers to see the buildings in person.

When developing a self-storage facility, curb appeal is a key factor to attracting tenants. Heceta Self-Storage features shrubs, flowers and bright colors.Choosing buildings may seem simple, but there are a number of variables to consider. If your quotes are coming in with wide variation, dig in and find out why. Consider the long-term effects of your construction type on maintenance and insurance expenses. For example, steel buildings are less costly to insure than wood-frame ones.

After you decide on a building layout, you’ll need to hire a site engineer to ensure it functions with the drainage on your site. It’s imperative you have a properly drained facility. In my experience, this is one of the most common mistakes on existing sites.
Some owners/developers will often serve as their own general contractor. However, on larger projects or those that are complex, it’s a good idea to hire a general contractor to oversee construction. If you do plan to be your own general contractor, it’s imperative you work with qualified subcontractors.

No matter what you have on paper for that grading plan, there will always be issues. The grading and concrete contractors can make or break your project, and problems with the foundation or grading/drainage are not easily remedied. A classic mistake is after the foundation is installed and the concrete contractor is paid, your building erector shows you all the mistakes that were made. At that point, you no longer have any leverage to make the necessary changes.

When I talk to existing self-storage owners, I always ask what they regret from their last project. The No. 1 item is they wished they made the front of their project and office nicer. Don’t skimp on this item. Remember, you’re not just building to compete in your market today, you’re making sure your new project is competing well into the future.

You may see some opportunities in your market to get into self-storage, but be sure you fully review all aspects of your project. Work with experienced people, and they will help guide you to a quality project without repeating the mistakes others have made. Self-storage isn’t a get-rich-quick scheme. It’s a methodically slow business where diligence and hard work pay off in the long run.

Jamie Lindau is a self-storage owner and the director of marketing and product development at Sun Prairie, Wis.-based Trachte Buildings Systems, which designs, manufactures and erects a full line of pre-engineered and customized steel self-storage systems, including single- and multi-story, portable storage, interior partition and corridor, and canopy boat/RV. For more information, call 800.356.5824; visit www.trachte.com.

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