For Sale

Southpoint Self Storage & Retail (Closed 08/30/24)
Listing #: 2404

Sebastopol, CA
NRSF: 154,094
Offering Price: $35,000,000
No. Units: 1,600

Highlights:

  • 134,009 of self-storage with an additional 20,085 square feet of strip retail.
  • Occupancy was 91% at time of sale.
  • Property services an affluent client base with asking rents below market ($1.68/SF).
  • Pride-of-ownership facility, built in phases 1986, 1994 and 2005.
  • Onsite manager’s unit and fully-secured units.

Garden Highway Self Storage (Closed 04/29/24)
Listing #: 2312

Yuba City, CA
NRSF: 46,875
Offering Price: $5,600,000
No. Units: 438

Highlights:

  • The property is currently 87% occupied.  The drive-up storage units are 90% occupied and the parking spaces are 70% occupied.
  • Attractive unit mix and layout.  The property offers a wide range of storage options from 5×5 to 20×40.  The drive isles are ample and secured access and surveillance assures customers of a secure environment for their belongings.
  • The onsite-manager’s residence is currently vacant.

Cottonwood Self Storage (Closed 11/05/24)
Listing #: 2407

Fernley, NV
NRSF: 41,800
Offering Price: $5,200,000
No. Units: 231

Highlights:

  • All-metal construction, 100% drive-up units.
  • 2020 build with occupancy holding north of 90%.
  • Significant new housing units coming online with high tech employers nearby.
  • Pride-of-ownership facility.
  • Onsite manager’s residence.
  • Average unit size exceeds 180 NRSF.

Powerline Mini Storage (Closed 02/29/24)
Listing #: 2302

Olivehurst, CA
NRSF: 26,600
Offering Price: $1,900,000
No. Units: 302

Highlights:

  • All-metal construction.
  • Upside through operations.  The property currently does not have a tenant insurance program and the current asking rents are roughly half of the current market rates.
  • Ample room for expansion.  The property sits on 3.91 acres with only 26,600 NRSF constructed.  The new owner could significantly expand the property to increase density and revenue.