Thunder Valley Storage (Closed 11/01/21)
Listing #: 2109
Rocklin, CA
NRSF: 92,425
Offering Price: $17,000,000
No. Units: 540
Highlights:
- Class A asset in an explosive growth area
- Adjacent competitor is 149,000 NRSF and is 99% occupied
- Slated to open at the end of August 2021
- Brand new property: all metal, cement drives, video surveillance, individual unit alarms
- Over 76,000 vehicles per day pass the property on CA-65
Hi Tech Self Storage (In Contract)
Listing #: 2111
Oakdale, CA
NRSF: 40,825
Offering Price: $4,000,000
No. Units: 308
Highlights:
- Competitors in local market average 98% occupancy
- Current occupancy is 99% of units, 99% of square footage, 74% economic (dollars collected vs. gross potential)
- Upside in increasing rents over time – current asking rents are below market
- Absentee owners; management upside in bringing seasoned tenants up to market rates
- 2001 construction; all metal buildings, concrete drive isles
ABCD Storage (In Contract)
Listing #: 2107
Bacliff, TX
NRSF: 15,950
Offering Price: $1,025,000
No. Units: 109
Highlights:
- Great infill location surrounded by dense residential and retail
- All-metal construction with concrete drive isles
- Property’s location is common to many locals
- Upside in raising occupancy to market levels and implementing a tenant property protection plan
- Property drains well – it has never flooded
Extra Storage Woodforest (In Contract)
Listing #: 2105
Houston, TX
NRSF: 12,550
Offering Price: $675,000
No. Units: 112
Highlights:
- Well-maintained, pride of ownership property
- Cement block construction with metal doors and metal roofs; concrete drive isles
- Property has never flooded
- Location is surrounded by apartments and retail
S.O.S. Storage
Listing #: 2110
Isleton, CA
NRSF: 7,020
Offering Price: $650,000
No. Units: 72
Highlights:
- Well-maintained, pride of ownership property
- All-metal construction
- Occupancy exceeds 97%
- History of high occupancy
