
Morning Star Park (In Contract)
Listing #: 2206
Elverta, CA
NRSF: 172,498
Offering Price: $8,000,000
No. Units: 524
Highlights:
- Existing site sits on 11.77 acres
- There are an additional 15 acres zoned M1 which would allow for expansion
- Property is on one parcel
- The expansion land is priced at $2.6M or $$3.98/SF. The additional land must be purchased with the existing asset making the aggregate price $8M
- Indoor parking helps meet the needs of recreators who want timely access to their vehicles

Spruce Grove Storage (Closed 07/26/22)
Listing #: 2203
Lower Lake, CA
NRSF: 61,660
Offering Price: $6,700,000
No. Units: 415
Highlights:
- Historically high occupancy, presently (02/22) at 99%
- No tenant insurance program in place
- Large site – 61,660 NRSF on 8.15 acres
- 30% economic vacancy – some seasoned tenants need to be raised to market rates
- Due to a prepayment penalty, seller cannot close before 03/01/23

Los Banos Mini Storage (In Contract)
Listing #: 2304
Los Banos, CA
NRSF: 31,050
Offering Price: $4,000,000
No. Units: 311
Highlights:
- Upside in rents as the subject property has the lowest asking rents in the submarket
- Historically high occupancy (97%+)
- All units feature drive-up access
- Property generates roughly $3,000 per month in U-Haul commissions and presently is not collecting tenant insurance
- Seller is replacing the siding, trim and roofs on the first phase of the property

Liverpool RV Park
Listing #: 2205
Liverpool, TX
NRSF: 53,200
Offering Price: $1,699,000 Price Reduced
No. Units: 48
Highlights:
- Below market rents: spaces could rent for 15-25% more given the local rent comparables
- Cash flowing asset with the opportunity to increase the current occupancy (77%)
- Ample room to expand: back portion of property and the perimeter could be used for portable self-storage units
- Billboard provides passive income
- Park is equipped with new, state-of-the-art septic, water and electrical hookups (electricity is partially reimbursed to the owner).
- Strong amenity package: includes free Wi-Fi, fire pit, grill, bathrooms with showers, and laundry facilities