March 29, 2015

Research

Going Upscale

Snapshot of Naples USA Stor-A-Way facility:

| 12/1/2004

Land cost $1.1 million
Building cost $3.6 million
Available rental space 75,000 square feet
Rate $1.25 average per sq. ft.
Expenses 30% of gross revenue
Target occupancy 85%
Target operating profit $533,000

Source: USA Stor-A-Way

Tags: North Central

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