2285 Tully Rd - Self-Storage Facilities FOR SALE


San Jose, CA 95122- Overfelt
$11,000,000 USD
916-337-4856
2285 Tully Rd, San Jose, CA for Sale
$11,000,000 USD
Self-Storage Facilities - FOR SALE
1/10
null | 6.63% Cap Rate

2285 Tully Rd
San Jose, CA 95122
Overfelt


HIGHLIGHTS

  • Excellent demographics - over 535,000 residents within a 5 mile radius with the average household income exceeding $166,000 per year.
  • Stable, existing asset with a proven track record of sustained, high occupancy.
  • Upside can be achieved by raising rents over time and adding a tenant protection plan (tenant insurance) to the self-storage units.
  • Average unit size exceeds 108 NRSF - these larger units appeal to most renters.
  • Access is currently 9am-5pm, Tuesday through Sunday. Implementation of a controlled access gate would allow access for extended hours.

OVERVIEW

Zavala's Mini Storage is strategically located in the heart of East San Jose, a dynamic and rapidly growing area known for its diverse community and bustling business activity. Positioned along a high-traffic corridor, the property benefits from excellent visibility and accessibility, drawing in both local residents and visitors. The surrounding area features a mix of retail centers, restaurants, offices, and residential neighborhoods, creating a vibrant environment ideal for various business types. With close proximity to major highways, public transportation options, and key landmarks such as Eastridge Mall and Lake Cunningham Park, the property ensures convenience for customers and employees alike. Stable, existing asset with a proven track record of sustained, high occupancy. Upside can be achieved by raising rents over time and adding a tenant protection plan (tenant insurance) to the self-storage units. Property will benefit from the closure of Reid-Hillview airport in 2031 - a 180 acre redevelopment which will add housing to the immediate area. Average unit size exceeds 108 NRSF - these larger units appeal to most renters. Rents are substantially below market competitors. Access is currently 9am-5pm, Tuesday through Sunday. Implementation of a controlled access gate would allow access for extended hours.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$255 USD /SF

CAP RATE

6.63%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

ADD'L SUBTYPES

Parking Garage, Parking Lot, Contractor Storage Yard

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,000 SF

ZONING

APD

APN/PARCEL ID

491-36-001

ASK ABOUT THIS PROPERTY

Bobby LoefflerThe Loeffler Self-Storage GroupMore Info
916-337-4856

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Bobby LoefflerThe Loeffler Self-Storage GroupMore Info
916-337-4856

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