929 N Central Ave - Warehouse FOR SALE


Medford, OR 97501
$1,300,000 USD
925-817-9611
929 N Central Ave, Medford, OR for Sale
$1,300,000 USD
Warehouse - FOR SALE
1/18
null | Request Cap Rate

929 N Central Ave
Medford, OR 97501


HIGHLIGHTS

  • Consistent High Physical Occupancy - 98% Current Physical Occupancy
  • Significant Upside - In-place rents are 34% below highest achieved and 38% below current asking
  • Below Replacement Cost - $77 Per Rentable Square Foot
  • Well-Positioned Site - High-Traffic Corridor in Downtown Medford
  • Satellite Location - Offers operators in the market to add additional square footage with little increase to operating expenses

OVERVIEW

Northmarq’s Self Storage Team is pleased to present the exclusive opportunity to acquire Sims Self Storage, a well-occupied and strategically located self storage facility in Medford, Oregon—the county seat of Jackson County and a central hub in Southern Oregon. Situated on North Central Avenue, a prominent thoroughfare running directly through downtown Medford, the facility benefits from exceptional visibility and accessibility, with average daily traffic exceeding 13,500 vehicles. This high-exposure location enhances both the facility’s brand presence and its leasing potential. Sims Self Storage comprises 145 units, totaling 16,850 net rentable square feet, with a desirable unit mix of drive-up and first-floor interior units. Sizes range from 5x5 to 25x35, appealing to a diverse tenant base including residential, commercial, and small business customers. The property is well-equipped with an onsite management office, automated access gate, and a comprehensive security camera system. Importantly, the property’s current average in-place rents are approximately 34% below the highest achieved rents at the facility, and 39% below current asking rents, illustrating a significant opportunity for income growth through lease-up optimization and dynamic pricing strategies. This rental gap represents a clear path to increased cash flow for the next owner. Medford is home to over 85,000 residents, with more than 78,000 people residing within a 3-mile radius of the property. The surrounding demographic is strong, with an average household income of $72,447 in that same radius—indicating a robust and economically capable tenant base with disposable income. Offered well below replacement cost, Sims Self Storage presents a compelling opportunity for value-add investors and regional operators. The facility is particularly attractive to automated or remote management platforms, given its stable occupancy, low operational overhead, and potential for streamlined operations. For existing storage owners in the region, this asset offers an excellent chance to expand footprint and operational synergies without a proportional increase in expenses. CONTACT LISTING BROKER FOR MARKETING MATERIALS: Marcus De La Pena Associate C 925.817.9611 mdelapena@northmarq.com

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$75 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sims Self Storage

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.19

LAND SF

51,836

ZONING

C-G

APN/PARCEL ID

10762996

ASK ABOUT THIS PROPERTY

Marcus De La PenaNorthmarqMore Info
925-817-9611

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Marcus De La PenaNorthmarqMore Info
925-817-9611

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