As an agricultural country that has many plant commodities, the need for Fertilizer in Indonesia is very high and there are often shortages, especially of subsidized Fertilizer. Based on information from the website of the Directorate General of Agricultural Infrastructure and Facilities, Ministry of Agriculture of the Republic of Indonesia, it is stated that there are often cases of shortages of subsidized Fertilizer. Rules for Fertilizer distribution have been regulated through Minister of Agriculture Regulations. The large demand for Fertilizer will of course affect the production of Fertilizer factories which will also increase. The production and distribution processes that go through various stages will also influence Fertilizer uptake in each region that will receive Fertilizer distribution. According to the increasing of factory's production, warehouse capacity must be upgraded. The new rule from Board of Director to prohibit open storage, also reducing company's warehouse capacity. Hence, PT XYZ decided to rent a warehouse and need some feasibility analysis to prove that renting is the right decision. By the use of Net Present Value, Equivalent Uniform Annual of Cost, Cost Benefit Analysis, and Cost-Effective Analysis results Construct a new warehouse on company's land as the best way to reduce the storage cost.