StorQuest – 45th Street
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StorQuest – 45th Street

Denver, CO

Industrial - Self-Storage

Due Diligence and Development Oversight

Role

RPL provided due diligence and development oversight services on behalf of an institutional equity partner.

Unique Approach

  • Relocated water lines.
  • Abated asbestos of existing structure prior to demolition.
  • Significant dirt removal and regrading between streets at two different elevations.

Outcomes

  • Project completed on time and budget.
  • Leased up successfully.

Scope of Work

Development of a three-story climate-controlled self-storage facility.

Project Summary

  • Client: One of the largest institutional private equity investment firms
  • Location: Denver, CO
  • Size: 876 units, 3 floors, 77,055 RSF, 117,981 GSF
  • Timeline: 2016 to 2018
  • Services: Due Diligence and Development Oversight
  • Cost: $12 million
  • Design-Builder: DCB Construction Company