StorQuest Lakewood
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StorQuest Lakewood

Lakewood, CO

Industrial - Self-Storage Facility

Due Diligence and Development Oversight

Role

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

Unique Approach

  • Required watermain extension.
  • Faced height limits and landscaping requirements.
  • Added retail to satisfy local jurisdiction requirements.
  • Utility lines required re-location.
  • Underground foundations discovered upon excavation.

Outcomes

  • Completed as planned.
  • Successfully leased.

Scope of Work

Development of a new 3-story, climate-controlled self-storage facility.

Project Summary

  • Client: One of the largest institutional private equity investment firms
  • Location: Lakewood, CO
  • Size: 859 storage units, 3 floors, 103,508 RSF
  • Timeline: 2015 to 2017
  • Services: Due Diligence and Development Oversight
  • Cost: $14 million
  • Design-Builder: DCB Construction Company