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home/Knowledge Base/I have a question about a model.../Self Storage Development Model/Can I use it to analyze a value add property that has room for expansion?
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Can I use it to analyze a value add property that has room for expansion?

7 views 0 August 10, 2020 Updated on November 26, 2022

The Self-Storage Development model you reference wasn’t specifically designed to handle value-add scenarios, but it is possible.

Enter the purchase price of the existing project under Land Costs. Include the construction budget and schedule for the value add component under ‘Development Period Cash Flows’, and then turn on ‘Detailed Lease-Up Method’ (cell H71 of the Underwriting tab) to manually model the lease-up of the expansion units.

Again, not a perfect match but certainly possible.

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Self Storage Development Model

  • Can I use it to analyze a value add property that has room for expansion?
  • I need help to modify (customize) the model
  • Cell I54 seems hard-keyed or a value copy error from a previous version. I see where this pulls – I202 – but they don’t connect.
  • Why is the Equity amount (cell I54) left as a hard-coded value?
  • I’m not able to get the model to convert debt from I/O to amortizing
  • How do I make the hold period 10 years?
View All 7  

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  Cell I54 seems hard-keyed or a value copy error from a previous version. I see where this pulls – I202 – but they don’t connect.

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