Lake Elsinore Mini Storage

Property Location

29151 Riverside Drive
Lake Elsinore, CA 92530

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investment highlights

  • STRONG OPERATIONAL MOMENTUM // The subject property has posted 25 percent YOY revenue growth from 2020 to 2021 with excellent momentum heading into 2022.
  • HIGHLY OCCUPIED TRADE AREA // The subject is currently 97 percent occupied as of December 2021 with an average market occupancy in the high 90s across the comp set.
  • BELOW MARKET RATES // Substantial upside in raising street rates to market averages. The subject is currently 25 percent below the market when compared to professionally managed stores in the trade area.
  • UPSIDE POTENTIAL // Growth through implementing more sophisticated revenue management and advertising platforms.
  • EXCELLENT LOCATION // Prime self-storage location situated between three heavily traveled thoroughfares with vehicle totals exceeding 155K per day. Close proximity to The Home Depot, Target and the Outlets at Lake Elsinore.

Broker Information

Keith Phillips

Investment Associate

Phone: 818.212.2764
Email: kphillips@marcusmillichap.com
License: CA 02065881

Adam Schlosser

Senior Vice President

Phone: 303.328.2044
Email: aschlosser@marcusmillichap.com
License: CO FA100050407

Jim Markel

Broker of Record

Email: jim.markel@marcusmillichap.com
License: CA 01263407

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Contact The LeClaire-Schlosser Group