investment highlights – Box Springs Self Storage
- UPSIDE POTENTIAL // The property will benefit from hands-on management to increase occupancy from 55 percent up to the current market average of 92.7 percent (Source: Union Real Time). Box Springs has historically operated with physical occupancy above the market average.
- EXPANSION POTENTIAL // There is a 29,620 square foot vacant land parcel on the hard corner creating an expansion opportunity for exterior surface parking, and/or additional storage. There is also the potential to sell off the parcel to a retail/restaurant/gas station developer.
- ADVANTAGEOUS DEMOS // Densely populated trade area with over 67K people and 27K households within three miles of the subject property with a projected 3.54 percent population growth over the next five years.
- STRONG LOCATION // The facility is located off Interstate Highway 15 with over 119,000 passing vehicles per day, and just west of the local retail corridor with brands such as Best Buy, Walmart, and Target to name a few.
- ATTRACTIVE LAYOUT & DESIGN // The facility features a single-story, ground-level access design across both sites, providing 100 percent non-climate-controlled drive-up units.
investment highlights – 1st Stop Self Storage
- RARE OPPORTUNITY // This property presents a unique chance to acquire a true value-add opportunity with strong upside potential in prime Southern California.
- MANAGEMENT UPSIDE POTENTIAL // Significant upside is achievable through hands-on management and a modern management platform to increase physical occupancy from 53 percent up to the current market average of 92.9 percent (Source: Union Real Time)
- POISED FOR REVENUE GROWTH // This facility is positioned well for the next operator to drive revenue and occupancy to market levels. In addition, there is the opportunity to add auxiliary revenue steams such as tenant insurance and leasing the vacant two bedroom apartment.
- EXCELLENT LOCATION // The facility is located on South Harbor Blvd. (main thoroughfare) with over 49K passing vehicles per day and surrounded by brands such as Dollar Tree, Walgreens, and Taco Bell to name a few.
- FAVORABLE DEMOGRAPHICS // The asset is located in a densely populated area of Southern California. Current supply is just 4.34 square feet per capita. The total population within three miles is 270,716.
