813-462-4212
950 N Farrell Dr, Palm Springs, CA for Sale
Self-Storage Facilities - FOR SALE
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950 N Farrell Dr
Palm Springs, CA 92262


HIGHLIGHTS

  • Entitled Class-A Self Storage Development: Site is fully entitled and can be delivered permit-ready.
  • Highly desirable Trade Area: Southern California is one of the most sought-after development/investment markets in the U.S.
  • Excellent Design and Unit Mix: Project is designed with an excellent mix of climate control and drive-up units
  • High Growth Market: Over 5,000 Residential Units Planned or delivered within 5-miles
  • High-Income Trade Area: Average household income nearly $108,000
  • Lack of Climate Controlled Competition: Approx 2.0 SF per capita of climate-controlled space with 10x10 CC rents averaging $2.75/SF.

OVERVIEW

The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the sale of this Self-Storage development opportunity in Palm Springs, CA. The project is fully entitled and can be delivered shovel-ready upon closing. This development opportunity consists of 4.20 acres of land with entitled plans for a Class A storage and RV facility, featuring 64,092 gross SF and 52,425 rentable SF. The design is all single-story with an excellent mix of climate-controlled and drive-up units. The current design does not maximize the allowable FAR, and with a redesign, there is the possibility of adding an additional +/- 27,000 SF. The site is located directly on the highly trafficked N Farrell Drive, which sees nearly 13,500+ vehicles per day. It is strategically positioned close to main interstates and downtown Palm Springs, one of California’s premier high-end tourist destinations. Demand is bolstered by the high volume of tourists, retirees, and seasonal residents, all of whom require flexible and secure self-storage options. With summer temperatures consistently reaching the low 100s, climate-controlled storage options are in high demand but low in supply in the immediate trade area, with only +/- 2.0 NRSF per capita of climate-controlled product. Additionally, the immediate trade area boasts an average household income of nearly $108,000. Furthermore, there are plans for numerous new homes and residential developments in the area, which will further increase demand for storage solutions.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Entitled Storage Development Palm Springs

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

-

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.17 AC

LAND SF

181,745 SF

ZONING

-

APN/PARCEL ID

507-350-037

ASK ABOUT THIS PROPERTY

Luke ElliottCushman & WakefieldMore Info
813-462-4212

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Luke ElliottCushman & WakefieldMore Info
813-462-4212

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