5870 Jasmine St - Self-Storage Facilities FOR SALE


Riverside, CA 92504- Riverside Airport
$1,975,000 USD
909-380-0073
5870 Jasmine St, Riverside, CA for Sale
$1,975,000 USD
Self-Storage Facilities - FOR SALE
1/17
null | 4.02% Cap Rate

5870 Jasmine St
Riverside, CA 92504
Riverside Airport


HIGHLIGHTS

  • Set Up for Owner-User
  • Dense Residential & Commercial Surroundings
  • Rent Increase Upside
  • On-Site Management
  • Large Units Ideal for Contractors
  • Highly Desired Storage Market

OVERVIEW

John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me". JASMINE STREET STORAGE is located at 5870 Jasmine Street, Riverside, CA. This single-story structure was built in 1974 & 1989 out of concrete, metal, and wood. The facility consists of 7,920 rentable sq. ft. of enclosed storage divided into 20 units on 0.46 acres of land. JASMINE STREET STORAGE is a great investment for a first-time storage buyer looking to get into the storage market. The size, price, and location make it an ideal starter property that can be self-managed and provide minimal risk. The property is 400 yards north of the Jurupa & Jasmine Street Intersection, which has a traffic count above 13,000 vehicles per day! The facility is currently 100% occupied in a market with high demand for self-storage space. The Large units at the property are highly sought after by contractors such as plumbers, electricians, mechanics, handymen, and construction workers. Due to the high occupancy and high demand for storage space in Riverside, there is potential to increase rents and further improve revenue. JASMINE STREET STORAGE comes equipped with an On-Site Manager and is surrounded by a variety of commercial and residential developments. This asset has significant upside providing the potential investor with a "Value Add" investment opportunity. SUITABLE FOR OWNER-USER Recent electrical and plumbing upgrades position this property as a strong owner-user opportunity. A business owner can operate out of one building while generating steady income from tenants in the other. This built-in rental revenue creates an additional income stream that can help offset operating expenses and reduce overhead, making it an efficient and strategic setup for an owner-operator looking to combine workspace and investment in one property.

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$303 USD /SF

CAP RATE

4.02%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Big Jasmine Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

-

APN/PARCEL ID

189-054-006,189-054-007

ASK ABOUT THIS PROPERTY

Brandon RobinsonCalvary RealtyMore Info
909-380-0073

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

Brandon RobinsonCalvary RealtyMore Info
909-380-0073

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