Prepared for lenders, CDCs, and federal agencies to SBA SOP 50 10 8, USDA RD Instruction 5001, and conventional underwriting standards. Fiduciary duty runs to the lender and the agency, never the borrower. More than 4,000 studies since 1998 covering $40.2 billion in evaluated project value.
Storage feasibility is saturation analysis: square feet per capita in the trade area against the demand benchmarks the asset class has established, adjusted for the local drivers — household mobility, housing type, military and seasonal populations — that move the sustainable ratio. The study maps every competing facility with unit mix, occupancy, and street rates; models lease-up against the market's demonstrated absorption; and for vehicle storage evaluates the registered RV and boat population that conventional per-capita screens miss.
The analysis combines per-capita supply screens, competitive rate and occupancy surveys, Census mobility and housing data, and state vehicle registration files for RV and boat product. The financial model carries unit-mix revenue, lease-up velocity, and expense benchmarks against the program's coverage requirement under rate stress.
Every Wert-Berater financial model is fully linked with no hardcoded values, so any reviewer can stress any input. Deliverables comprise a complete narrative report and the linked Excel model, with ten-year pro forma, sensitivity analysis at ±5, 10, and 15 percent, interest-rate stress from +0.5 to +3.0 percent, and ratio analysis benchmarked against RMA and IBISWorld data.
SBA engagements are prepared to SOP 50 10 8, including its debt-service-coverage minimums of 1.15x operating and 1.00x global. USDA engagements follow RD Staff Instruction 5001 across the Business & Industry, Community Facilities, REAP, and Value-Added Producer Grant programs. Conventional engagements are built to the lender's stated coverage standard, typically 1.20x. Storage projects arrive through SBA 504 owner-operator structures and conventional lending; the study is prepared to the SOP 50 10 8 or conventional standard the engagement requires.
Representative engagements include industrial storage acquisition in Hayward, California at $13,951,404 and RV and boat storage analysis in Bremerton, Washington and Sarasota, Florida. Independence is non-negotiable: determinations follow the evidence and are not revised under pressure, and studies are built to pass lender, agency, and third-party review without exception items.
Qualify a project. Tell us about the project and the program. We will tell you the truth about it — scope, timeline, and fee confirmed before work begins.
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