investment highlights
- STRONG LOCATION // The facility sits on South Stockton Street seeing over 10,000 vehicles per day, and just off East Kettleman Lane which sees over 30,000 vehicles per day. The property has excellent accessibility and street appeal.
- ATTRACTIVE LAYOUT AND DESIGN // Century Self Storage offers a variety of unit types — climate-controlled, non-climate controlled, and RV Parking. The 15 building single-story facility provides ease of access to all units.
- MANAGEMENT UPSIDE // New owner has the opportunity to increase revenue by improving ECRI implementation along with adding admin fees, tenant insurance commission, and other ancillary income line items.
- STRONG DEMOGRAPHICS // Located in Lodi, CA, the facility benefits from a robust local population of over 67,000 people in a three-mile radius and is expected to grow by 4.2 percent over the next five years. With over 24,000 households, the average household income is impressively just over $95,000.
property summary
Century Self Storage is a 397-unit, 67,770 net rentable square foot self-storage facility located in Lodi, CA. The property sits on around 4.66 acres of land, was initially constructed in 1998 and was expanded in 2002. It contains 15 single-story self-storage buildings with 297 drive-up units.
Century Self Storage has many amenities including electronic gated entry with a digital keypad, large institutional style leasing office with retail and security monitor display, 24/7 video surveillance throughout the facility, concrete driveways, and metal roll-up doors throughout. There is a 1,266 sq ft apartment located on-site. The current tenant is signed through April 30, 2026.
The facility is centrally located in Lodi with excellent visibility from South Stockton Street and over 10,000 passing vehicles per day. Major demand drivers in the immediate area include Home Depot, Costco, Sprouts, and McDonalds to name a few. Lodi is a suburban-like neighborhood with strong storage fundamentals and average household incomes exceeding $95,000 a year.
