investment highlights
- PRIME RETAIL LOCATION // Strategically positioned at the highly visible intersection of South China Lake Boulevard and Bowman Road, the facility benefits from exceptional frontage along Ridgecrest’s primary commercial corridor. The property is located directly across from the area’s only Walmart Supercenter and is surrounded by a strong lineup of national retailers, including Albertsons, Tractor Supply Co., Panda Express, and numerous other daily-needs destinations.
- INSTITUTIONAL-QUALITY ASSET // Redeveloped from a former Walmart retail center in 2022, the property features 455 climate-controlled units encompassing 48,378 net rentable square feet. As the only REIT-managed self-storage facility in the Ridgecrest trade area, CubeSmart (Managed) offers a differentiated, Class A storage product with limited direct competition.
- PROVEN LEASE-UP MOMENTUM // Since opening, the facility has demonstrated strong lease-up performance driven by the market’s limited supply of climate-controlled storage. As one of only two climate-controlled facilities in Ridgecrest, the property has successfully attracted demand from both residential and commercial users seeking a premium storage solution.
- STABLE DEMAND DRIVERS // Ridgecrest benefits from a diverse demand base supported by Naval Air Weapons Station China Lake, one of the region’s largest employers and a major hub for military and defense-related personnel. Additionally, the city serves as a key gateway to Death Valley National Park, attracting nearly one million annual visitors and providing an additional source of transient storage demand.
property summary
CubeSmart Self Storage (Managed) is a 48,378 net rentable square foot Class A self-storage facility located in Ridgecrest, California. Originally constructed in 1991 and redeveloped from a former Walmart retail center in 2022, the property is situated on approximately 7.21 acres and features 455 climate-controlled units located on the ground floor. As the only REIT-managed self-storage facility in the Ridgecrest trade area, the property offers a differentiated institutional-quality storage option within the market.
CubeSmart Self Storage (Managed) features controlled access through a digital keypad entry system, an on-site leasing and management office located at the property entrance, and 24/7 video surveillance throughout the facility. Additional amenities include a large paved parking area and a clean, well-maintained environment that enhances the property’s curb appeal and supports strong customer satisfaction, tenant retention, and long-term occupancy.
Located on South China Lake Boulevard, Ridgecrest’s primary commercial corridor, the facility benefits from strong visibility and access within the city’s dominant retail trade area. The property serves a growing and affluent three-mile population of 29,817 residents with an average household income of $110,506, and is supported by the economic influence of nearby Naval Air Weapons Station China Lake, one of the region’s largest employers. The location offers convenient access to State Route 178 and is surrounded by a mix of national retailers, service providers, and established residential neighborhoods, making it a well-positioned commercial destination.
