US Storage – Kendall
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US Storage – Kendall

Miami, FL

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

  • Navigated complex approval processes with input from many agencies.
  • Contractor managed a tight site with active neighbors.
  • Required an easement to be vacated prior to construction.

Outcomes

  • Vacated existing tenant and demolished building.
  • Completed on time and within budget.
  • Leased up successfully.

Scope of Work

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

Project Summary

  • Client: One of the largest institutional private equity investment firms
  • Location: Miami, FL
  • Size: 1270 units, 6 floors, 116,600 RSF
  • Timeline: 2015 to 2018
  • Services: Due Diligence and Development Oversight
  • Cost: $19 million
  • Architect: Kenneth Carlson Architect
  • Contractor: DeAngelis Diamond Construction