For Sale

Highlights:

• The property is currently 70% economically occupied.  Physical occupancy is 83% by units and 82% by NRSF.
• Great location proximate to the Redding Airport and nearby housing developments.
• Large units with an average unit size exceeding 168 NRSF.
• Competing properties are well-occupied.
• A-Quality construction: all metal units, coded entry, and state-of-the-art surveillance system.
• No tenant insurance plan is offered.

Highlights:

• Current physical occupancy is north of 97%.
• Great location with freeway visibility and in close proximity to Shasta Community College.
• The property has demonstrated the ability to raise rents.  Gross potential rents in 2018 were $745,176, in 2022 were $803,940, and now in 2025 are $943,656.
• Competing properties are all 93%+ occupied.
• Possible expansion area where the current open parking is located.  Enclosed storage units are approaching $1.00/SF rents, while parking rents are $0.22/SF.
• Recent upgrades include an owned solar system, new CCTV system, and integration into PTI’s web-based access system.

Highlights:

• Stable asset north of 90% occupancy.  Proforma upside through increasing rent levels.
• Larger units. On average, the typical unit exceeds 213 NRSF.
• Proximity to major traffic arterials: located immediately off Oro Dam Boulevard E., one of Oroville’s primary commercial corridors.
• Pride-of-ownership facility.
• Onsite living quarters and solar array add to operational efficiency and net operating income.
• Surrounded by established single-family neighborhoods and multifamily pockets that drive consistent storage utilization.

Highlights:

• Stable asset with upside through continued occupancy and expansion.
• Strong renter population in the immediate trade area; historically a key indicator of storage utilization.
• 125 open parking spaces are not included in the NRSF total.  Additional acreage is included in the sale which can be used for future expansion.
• Strong visibility and signage exposure, enhancing tenant acquisition.
• Direct frontage on a major arterial: positioned directly along Lincoln Boulevard, one of Oroville’s primary north-south commercial corridors.
• Oroville is experiencing steady residential growth, with multiple single-family subdivisions, affordable multifamily communities, and supportive-housing projects either approved, under construction, or recently completed.
• Solar array and onsite living quarters contribute to lowered expenses.

Highlights:

• Stable asset with upside through continued occupancy – approaching an 7.76% CAP on 90% economic occupancy.
• Living quarters and solar array contribute to operational efficiency and lower operating expenses.
• Demand drivers: high proportion of single-family homes, manufactured housing, and rural residential parcels, all of which correlate with elevated storage usage.
• Pride-of-ownership facility.

Highlights:

• Upside in increasing occupancy. The property should benefit from a more extensive advertising and marketing campaign. Once the property is stabilized at 90% economic occupancy, the CAP rate
  increases to 10.1%.
• Operational simplicity. The facility features: gated entry, video surveillance, on-site management,
  online reservations and payments, and drive-up access. These features support a relatively lean operating model.
• Pride-of-ownership facility.
• Improvements in ’22/’23: After a fire in 2015, one building was rebuilt. A new water system was also installed. New doors, two new expansion modular units, repaving, new perimeter fencing, and
  a new up-to-code manager’s residence and office.
• Priced below replacement costs at $80.08 per NRSF.