StorQuest 7th Street
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StorQuest 7th Street

Phoenix, AZ

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

  • Complicated easements to work around on site and with adjacent neighbors.
  • Existing structure and utilities needed to be abated before construction could begin.

Outcomes

  • Project completed per business plan.
  • Provided welcome storage space for an improving section of the city.

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: Phoenix, AZ
  • Size: 842 units, 3 floors, 90,100 RSF
  • Timeline: 2014 to 2017
  • Services: Due Diligence and Development Oversight
  • Cost: $13 million
  • Design-Builder: DCB Construction