For Sale

Zavala’s Mini Storage
Listing #: 2507

San Jose, CA
NRSF: 43,140 + RV Spaces
Offering Price: $11,000,000
No. Units: 418

Highlights:

  • The property is currently 90% economically occupied.  Physical occupancy is 93% bu units and 95% by NRSF.
  • Current asking rents are substantially below market rates.
  • Access is limited by a rollback gate that is open Tuesday-Sunday, 9am-5pm.
  • The onsite-manager’s residence is currently vacant.
  • No tenant insurance plan is offered.

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.

TnT Self Storage
Listing #: 2508

Kelseyville, CA
NRSF: 63,696
Offering Price: $5,500,000
No. Units: 365

Highlights:

  • Stable asset with upside through continued occupancy – approaching an 8% CAP on 90% economic occupancy.
  • Larger units. On average, the typical unit exceeds 174 NRSF.
  • Significant new housing units coming online with high tech employers nearby.
  • Pride-of-ownership facility.
  • Cell tower lease offers additional, ancillary income.
  • Priced below replacement costs at $86.35 per NRSF.

Hillside Storage & Car Wash
Listing #: 2509

Nice, CA
NRSF: 57,025
Offering Price: $4,500,000
No. Units: 301

Highlights:

  • Stable, existing asset with upside through continued occupancy gains.
  • Ancillary income sources. Car Wash brings in an additional $32,880 in income. Tenant protection plan is slated to generate roughly $25,000 annually.
  • The five commercial suites offer diversity of investment as larger users seek business space in the submarket.
  • History of appreciation. Five years ago, the gross potential income was $333,300/year. Today the gross income is $5462,680/ year – a 68.8% increase over 5 years.