StorQuest 7th Street
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Phoenix, AZ

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

    • Complicated easements to work around on site and with adjacent neighbors.
    • Existing structure and utilities needed to be abated before construction could begin.

    Outcomes

    • Project completed per business plan.
    • Provided welcome storage space for an improving section of the city.

    Scope of Work

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

    Project Summary

    • Client: One of the largest institutional private equity investment firms
    • Location: Phoenix, AZ
    • Size: 842 units, 3 floors, 90,100 RSF
    • Timeline: 2014 to 2017
    • Services: Due Diligence and Development Oversight
    • Cost: $13 million
    • Design-Builder: DCB Construction
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