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
