investment highlights
- HIGH BARRIERS TO ENTRY // Rare opportunity to acquire a generational self-storage asset in a top Bay Area submarket where limited land and strict zoning greatly restrict new development, preserving long-term value and reducing competition.
- EXCEPTIONAL STORAGE FUNDAMENTALS // Favorable market conditions with only 1.88 square feet per capita within a three-mile radius – well below national averages – signal strong demand and limited supply in this underserved trade area.
- EXCELLENT VISIBILITY AND ACCESS // Positioned along Mowry Avenue-a major arterial route with over 25k+ vehicles per day – the site offers excellent visibility, strong drive-by traffic, and convenient ingress/egress for customers.
- AMENTITIES & FEATURES // Well-maintained facility featuring premium signage, 24-hour video surveillance, secure digital access, a spacious leasing office, and metal roll-up doors throughout.
- STRONG DEMOS // Located in a dense infill area with 134k+ residents and 47k+ households within a three-mile radius, boasting an average household income of over $179k – ideal for capturing sustained self-storage demand.
property summary
Extra Space (Managed) is a 650-unit, 58,713 net rentable square foot self-storage facility located in Fremont, California. The property sits on approximately 2.23 acres of land, was initially constructed in 1984, and was expanded in 2002. It contains five two-story self-storage buildings and five single-story self-storage buildings.
The facility features a stucco exterior with a mix of metal roll-up and swing doors. Amenities include electronic gated entry with a digital keypad, a spacious leasing office with retail and security monitor display, 24/7 video surveillance, concrete driveways, and two lifts providing access to upper-level units. The roof was replaced in 2023 and comes with a 20-year warranty. Additionally, a cell tower on the property generates supplemental income.
The facility is centrally located in Fremont with excellent visibility from Mowry Avenue and over 25,000 passing vehicles per day. There are major drivers in the immediate area such as Raley’s, Walgreens, 7-Eleven, and Whole Foods Market to name a few. Fremont is an affluent Class-A neighborhood with strong storage fundamentals and average household incomes exceeding $179,000 a year.
