US Storage – Kendall
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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

    • Navigated complex approval processes with input from many agencies.
    • Contractor managed a tight site with active neighbors.
    • Required an easement to be vacated prior to construction.

    Outcomes

    • Vacated existing tenant and demolished building.
    • Completed on time and within budget.
    • Leased up successfully.

    Scope of Work

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

    Project Summary

    • Client: One of the largest institutional private equity investment firms
    • Location: Miami, FL
    • Size: 1270 units, 6 floors, 116,600 RSF
    • Timeline: 2015 to 2018
    • Services: Due Diligence and Development Oversight
    • Cost: $19 million
    • Architect: Kenneth Carlson Architect
    • Contractor: DeAngelis Diamond Construction
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