- Excellent Visibility
- Easy Ingress & Egress
- Well Maintained Facility
- No Outstanding Capital Improvements
- Opportunity to Expand
SS Mini Storage in Perris, California consists of 20,573 net rentable square feet on approximately 1.64 acres. The asset includes two separately zoned parcels. The property is highly visible from Interstate 215 with a traffic flow of over 82,000 cars a day. The facility features best in class amenities including, but not limited to, touchpad main entry gate, paved drives, renovated onsite manager’s apartment, professional leasing office, and video surveillance.
The facility is excellently located near downtown Perris, California in Riverside county which is currently undergoing a renaissance. Several large distribution centers including Home Depot, Wayfair, and Lowe’s are located within three miles of this location. There are approximately 114,097 residents with an average household income of $66,640 in a five-mile radius. The five-mile population has grown over 15 percent since 2010 and is projected to grow an additional nine percent by 2025.
SS Mini Storage is currently 87 percent occupied and has regularly been 92 percent occupied throughout recent years presenting an investor with the opportunity to acquire a best in market, well-performing asset. The Seller has successfully bumped rents over the last 12 months with little to no attrition. Given the strong occupancy and continued demand, the owner is planning additional rent bumps towards the end of the year. The facility has been well maintained and future owners will be able to capitalize on an opportunity for expansion as well as the strong occupancy to produce a stable cash flow.