cost of goods storage
The typical self-storage development cost ranges from $34 to $42 per gross building square foot. Again, this variance is dependent on land, construction and cost of financing. However, it is important to remember that there is a relationship between market rents and development cost.
Storing a PODS container on your property starts at $110 per month for a 12-foot container and $120 for a 16-foot container. Monthly rental rates vary according to container availability, geographical location, and storage duration.
The âStatement of Cashflowâ in Table 1 shows that a self-storage facility with 40,000 net-leasable square feet, in a market with $9-per-square-foot annual rents, will generate $450,000 in gross annual rents at 100 percent occupancy.