1145 Front St - Self-Storage Facilities FOR SALE


Soledad, CA 93960
$2,395,000 USD
510-304-8077
1145 Front St, Soledad, CA for Sale
$2,395,000 USD
Self-Storage Facilities - FOR SALE
1/22
null | 6.04% Cap Rate

1145 Front St
Soledad, CA 93960


HIGHLIGHTS

  • Exceptional Self-Storage Investment Opportunity
  • State-Of-The-Art Property Amenities
  • Strong Demographics
  • Advantage of No Rent Control in Self Storage

OVERVIEW

Soledad Mini Storage is a rare opportunity to acquire a well-situated self-storage facility in Soledad, California. The acquisition offers an investor a well-maintained asset in an undersupplied local market with strong demographics. The property features approximately 13,226 net rentable square feet, consisting of 100 self-storage units, 4 parking spaces, and 1 on-site apartment, and includes modern amenities such as electronic gate access, security systems, an on-site manager’s residence, and a full-service leasing office. The surrounding area has a high population density of approximately 24,413 residents within a five-mile radius. Soledad Mini Storage presents an ideal investment opportunity for entry into the California self-storage market, with benefits for local operators seeking economies of scale, exchange or cross-product buyers seeking stable cash flow and simplified management, and apartment investors looking to diversify and create cross-marketing opportunities between residential and storage assets, with the added advantage that self-storage is not subject to local or state rent control laws.

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

6.04%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Soledad Mini Storage

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

Robert JohnstonLevin JohnstonMore Info
510-304-8077

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Robert JohnstonLevin JohnstonMore Info
510-304-8077

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