8805 Red Rock Rd - Self-Storage Facilities FOR SALE


Reno, NV 89508- Outer North Valleys
$16,500,000 USD
916-724-1312
8805 Red Rock Rd, Reno, NV for Sale
$16,500,000 USD
Self-Storage Facilities - FOR SALE
1/9
null | Request Cap Rate

8805 Red Rock Rd
Reno, NV 89508
Outer North Valleys


HIGHLIGHTS

  • Strategic Reno Location: At a signalized intersection providing easy access. Close proximity to Interstate 395 and directly next to 291 new apt. units
  • Diverse Unit Mix: Comprehensive offering of units, including premium climate controlled spaces, large drive-up storage, mailbox rentals, etc.
  • Institutional Quality: Well-maintained metal construction with standing seam roofs and wide paved drive aisles for easy truck/RV maneuvering.
  • Strong Market Fundamentals: Reno's rapidly expanding economy and population influx drive exceptional, sustained demand for self-storage units.
  • Expansion Potential: Opportunity for an investor to scale the facility from 81,800 NRSF to nearly 180k NRSF, unlocking meaningful economies of scale.

OVERVIEW

Marcus & Millichap, as the exclusive listing agent is pleased to present Red Rock Mega Storage located at 8803 and 8805 Red Rock Road, Reno, NV. Red Rock Mega Storage presents a rare opportunity to acquire an institutional quality self-storage asset along with an additional, entitled parcel for further expansion. Strategically located in the rapidly expanding Reno market, the property features a diverse unit mix including highly sought-after climate-controlled units and convenient drive-up access for large vehicles, RVs, and small business owners. The opportunity also includes an adjacent 7.49 acres of entitled land for approximately another 100,000 nrsf of storage units., for a total of 180,000 nrsf. The facility has been professionally managed and boasts consistently high occupancy and strong demand from tenants seeking larger units. With robust population growth in Washoe County and limited new storage supply, incoming investors can immediately capitalize on sustained rental demand and implement strategic revenue management to drive significant Net Operating Income growth. Please do not disturb managers or tenants. Reach out to listing agent for more information.

FOR SALE DETAILS

PRICE

$16,500,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Rock Mega Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.88 AC

LAND SF

517,493 SF

ZONING

GC

APN/PARCEL ID

087-350-33,087-350-34

ASK ABOUT THIS PROPERTY

Daniel KuchugurnyMarcus & MillichapMore Info
916-724-1312

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Daniel KuchugurnyMarcus & MillichapMore Info
916-724-1312

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