1145 Front St - Self-Storage Facilities FOR SALE


Soledad, CA 93960
$2,395,000 USD
408-642-0353
1145 Front St, Soledad, CA for Sale
$2,395,000 USD
Self-Storage Facilities - FOR SALE
1/10
null | 5.13% Cap Rate

1145 Front St
Soledad, CA 93960


HIGHLIGHTS

  • Investors have the opportunity to acquire a well-situated self-storage asset with high potential cash flow located near California's iconic coastline.
  • Soledad Mini Storage offers a range of modern amenities including electronic gate access, a state-of-the-art security systems, and an on-site manager.
  • Soledad offers a strong demographics supporting high self-storage demand. The area features approximately 24,413 residents within a five-mile radius.
  • Allows property owners to adjust rental rates in response to market demand and operational costs, promoting flexibility and revenue growth.

OVERVIEW

Soledad Mini Storage is a rare opportunity to acquire well-situated self-storage facility in the city of Soledad, California. The acquisition of this asset will provide an investor with a well-maintained self-storage asset in an undersupplied local market with strong demographics. The subject property features approximately 12,963 net rentable square feet consisting of 100 self-storage units and 1 on-site apartment. The property sits on a large 34,848 square foot parcel with space for parking income. Soledad Mini Storage offers a range of modern amenities including electronic gate access, security systems, an on-site manager’s residence, and a full-service leasing office. The area surrounding the property has a high population density of approximately 232,611 residents within a five-mile radius. Soledad Mini Storage presents an ideal investent opportunity for those looking to enter the self-storage market in California. Local storage operators can benefit from economies of scale, while exchange or cross-product buyers will appreciate the stable cash flow and simplified management associated with self-storage. Additionally, local apartment investors may diversify their portfolios and create cross-marketing opportunities between residential and storage properties. Self-storage is not subject to any local or state rent control laws.

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$181 USD /SF

CAP RATE

5.13%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

H-C

APN/PARCEL ID

022-223-026-000

ASK ABOUT THIS PROPERTY

Matthew McCaffreyMarcus & MillichapMore Info
408-642-0353

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Matthew McCaffreyMarcus & MillichapMore Info
408-642-0353

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.