Two Property Self Storage Portfolio In California
Value add two property self storage portfolio located within the Riverside San Bernardino metropolitan area, the 12th largest metro market in the United States with a population exceeding 4.7 million. Offered at $6,950,000, this portfolio provides an in place cap rate of approximately 6.03 percent with upside to nearly 9.6 percent through lease up, rent optimization, and expansion.
The portfolio totals approximately 59,565 net rentable square feet of enclosed storage, along with additional vehicle parking, across 14 single story buildings situated on approximately 7.08 acres. Current physical occupancy is approximately 67 percent, creating immediate income growth opportunities. The assets include on site management offices, an apartment, and diversified income streams including cell tower lease revenue.
Both facilities are located within walking distance of each other, creating strong operational efficiencies, market control, and economies of scale. The properties benefit from high visibility along a major traffic corridor with approximately 14,900 vehicles per day, supporting consistent customer demand.
The surrounding market includes dense residential and commercial development and benefits from proximity to a major military installation, providing a stable and recurring tenant base. Seller is willing to finance in a first lien position, enhancing buyer flexibility. This is a rare opportunity to acquire a dominant storage position with scale, upside, and favorable financing in a high growth Southern California market.
