investment highlights
- MODERN LAYOUT AND DESIGN // This newly constructed, high-quality asset features 16 single-story, drive-up buildings with 604 non-climate-controlled units. The property includes specialized boat & RV storage with 12 foot wide and 14 foot high doors, as well as a spacious, institutional-style leasing office.
- PREMIUM AMENITIES AND FEATURES // The facility is equipped with Janus roll-up doors, metal roofing, and concrete driveways, offering durability and convenience. Security is enhanced by three electronic gates with keypad access, 20 strategically placed surveillance cameras, and wrought iron fencing throughout. Energy-efficient LED lighting is digitally controlled, and large RV units feature 110-watt outlets. The 1,240-square-foot manager’s office includes a full bathroom and kitchenette for added convenience.
- STRONG GROWTH IN HOUSING DEMAND // Located within one mile of the property, America’s largest home builder, D.R. Horton, is developing 1,000 single-family and multi-family homes, driving demand for storage solutions in the area.
- OPPORTUNITY FOR PROFESSIONAL MANAGEMENT // Currently managed by the original developer, there is significant potential for increased stabilization and value through the implementation of professional management services.
property summary
Redding Airport Self Storage is a modern, 604-unit self-storage facility encompassing 163,844 net rentable square feet on approximately 9.25 acres in Redding, CA. Phase I was completed in November of 2022, with phase II coming online in January of 2024. The property features 16 single-story buildings with convenient drive-up access to all units.
The facility is equipped with a range of amenities, including a gated entry with digital keypad access, a dedicated onsite management office located at the entrance, 24/7 video surveillance, concrete driveways, and units with roll-up doors for easy access.
With excellent visibility on Redding Airport Road, the property benefits from high traffic exposure, with over 8,664 vehicles passing by daily. The area is supported by strong commercial tenants like Starbucks, In-N-Out Burger, Ross Dress for Less, and Costco, adding to the appeal. D.R. Horton is developing 1,000 single-family and multi-family homes within one mile of the asset. Redding boasts robust storage demand, with strong market fundamentals and an average household income exceeding $102,000 annually.
