Excellent bed. You do not need a foundation for it. I have one and it is a little high. 
The storage underneath is enough for suitcases, or small storage containers. 
The products came in perfect shape in a single shipping box, and you have to build it yourself. 
By myself it took about an hour and a half. If I had someone else with me, it would have probably been about a half hour. 
Highly recommend :)