US Storage – NE 125th
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US Storage – NE 125th

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

  • Constructed within tight site surrounded by neighboring buildings.
  • Navigated challenging approval process.
  • Addressed code violations of existing property before proceeding with construction.

Outcomes

  • Project completed per business plan.
  • Property leased up successfully.

Scope of Work

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

Project Summary

  • Client: One of the largest institutional private equity investment firms
  • Location: Miami, FL
  • Size: 1127 units, 4 floors, 107,350 RSF
  • Timeline: 2015 to 2017
  • Services: Due Diligence and Development Oversight
  • Cost: $16 million
  • Architect: TAO Architecture & Design
  • Contractor: DeAngelis Diamond Construction