Development & Acquisitions
GreenSpace's Development & Acquisition Capabilities
GreenSpace Self-Storage is an active developer and acquirer of self-storage assets. GreenSpace can leverage its innovative construction methodology to create significant advantages in the self-storage development market. Below is an overview of GreenSpace’s investment approach.
- Innovative Construction Methodology: GreenSpace employs a proprietary construction approach using shipping containers, which reduces costs and construction timelines while maintaining the quality of Class A self-storage facilities. This cost efficiency allows GreenSpace to develop sites that may be financially unfeasible for other developers, ensuring acceptable development yields even in challenging locations.
- Targeting High-Growth Markets: The company focuses on high-growth markets, characterized by robust population growth, job creation, and housing activity. These markets benefit from secular trends such as migration to warmer climates, affordability, and economic opportunities, making them ideal for scaling self-storage developments.
- Site Selection Using Data-Driven Parameters: GreenSpace identifies development and acquisitions opportunities by analyzing demographic trends, housing trends, supply-demand gaps, and local market dynamics. This strategic approach ensures projects are situated in areas with strong growth potential and high demand for self-storage facilities. Key factors in site selection include accessibility and visibility of the site, current market supply and pricing, and market growth potential via new future residential or commercial projects and in the area.
- Expanding Existing Facilities: Beyond ground-up developments, GreenSpace acquires single-story storage facilities with the potential for expansion using its proprietary construction techniques. This strategy increases the pipeline for future projects in growth corridors without relying solely on new land acquisitions.
- Sustainability Focus: The use of shipping containers aligns with environmentally conscious practices by repurposing materials and minimizing waste. Additionally, this method reduces the environmental footprint compared to traditional construction methods.
GreenSpace’s unique approach positions it as a leader in sustainable, cost-effective self-storage development while capitalizing on high-growth markets to meet increasing demand. Please reach out to [email protected] to learn more about investment opportunities with GreenSpace’s Self-Storage.
Hard & Soft Cost Savings Overview
GreenSpace’s innovative construction methodology utilizing shipping containers, typically results in a less expensive and faster construction process compared to traditional self-storage construction methods.
Hard Cost Savings
GreenSpace construction methodology requires significant less amounts of several costly materials, including concrete and new steel
With material costs still at or near all-time highs, the utilization of shipping containers as the internal infrastructure of the facility produces significant hard costs savings
Typical savings of $12-20 / GSF
Soft Cost Savings
A shorter construction timeline of ~1 - 2 months can reduce soft costs in multiple ways including the items below
Contractor General Requirements
Interest Carry and Construction Insurance costs
Construction related insurance
Property taxes during construction
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