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% 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 partners, 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.
“Storage demand remains extremely resilient, enabling operators to push both street rates and renewal rates while maintaining occupancy.”
—Yardi Matrix, National Self Storage Report, June 2022