For Sale

Lockwood Landing Self Storage & Industrial (Closed during COVID-19)
Listing #: 2005

Sparks, NV
NRSF: 77,965
Offering Price: $5,525,000
No. Units: 235

Highlights:

  • Historically high occupancy – industrial space is 100% occupied
  • Natural barriers to entry – niche market
  • Rents are below-market
  • Industrial space offers diversity of investment
  • Large units; average unit size exceeds 232 NRSF

Wildcat Storage (Closed during COVID-19)
Listing #: 2007

Tucson, AZ
NRSF: 53,581
Offering Price: $3,650,000
No. Units: 290

Highlights:

  • Great market occupancies – over 93%
  • Well-diversified investment – storage with local home & garden/arts & crafts center
  • Property is located in an Opportunity Zone
  • Upside in increasing rents over time
  • Significant upside in adding tenant insurance and CAM charges as ancillary income generators

Nofrey Self Storage (Closed during COVID-19)
Listing #: 2001

Oroville, CA
NRSF: 43,466
Offering Price: $3,200,000
No. Units: 486

Highlights:

  • Well-maintained, pride of ownership property
  • Located in South Oroville next to Palermo
  • Expansion potential with over 9 acres of land
  • Over 93% physical occupancy at time of recording

Hillside Storage & Car Wash (Closed during COVID-19)
Listing #: 2000

Nice, CA
NRSF: 48,350
Offering Price: $2,800,000
No. Units: 283

Highlights:

  • Historically high occupancy
  • Priced below replacement costs at $57.91/NRSF
  • Lowest rents in the submarket
  • Vacant retail space can be converted into storage

Big Sky Discount Storage & Annex (Closed during COVID-19)
Listing #: 2006

Susanville, CA
NRSF: 62,980
Offering Price: $2,100,000
No. Units: 253

Highlights:

  • Upside in bringing current tenants up to current asking rents which are still below-market
  • 99% occupied by square footage, 98% of units are rented
  • 9.69 acres – room for expansion
  • Local economy is recession-resistant due to three nearby prison authorities