investment highlights
- INSTITUTIONAL-QUALITY ASSET // Completed in 2023, Storage Star Rio Vista is a newly constructed, institutional-quality facility totaling 450 units across 64,650 NRSF. The property features six single-story buildings with an efficient drive-up layout, modern design, and professional management infrastructure—offering a turnkey investment with minimal near-term capital requirements.
- OPERATIONAL UPSIDE // Currently operating at ~80 percent physical occupancy and ~51 percent economic occupancy, the asset presents a clear path to value creation through continued lease-up and implementation of professional revenue management. The meaningful gap between in-place and stabilized performance supports strong near-term NOI growth, with projected NOI nearly doubling by Year 3.
- PREMIUM FACILITY WITH BEST-IN-CLASS AMENITIES // The facility offers a full suite of modern features including gated keypad access, 24/7 video surveillance, Bluetooth-enabled entry, online rentals, and a customer-focused leasing experience. A diverse unit mix—including drive-up units, and premium-access spaces—positions the property to attract a wide tenant base and support above-market rent growth.
- EXPANSION UPSIDE WITH ±3.62 ACRES OF EXCESS LAND // The property includes approximately 3.62 acres of excess land, providing a rare opportunity to expand the facility and increase rentable square footage. This embedded upside allows investors to scale the asset and further enhance long-term returns.
- DIVERSE DEMAND DRIVERS // The property benefits from a broad demand base including residential users, small businesses, and recreational customers tied to the Sacramento River and Delta. Dedicated RV and boat storage captures long-term tenants, while the property’s proximity to regional recreation and surrounding communities positions it as a primary storage hub for the area.
property summary
Storage Star is a recently constructed, institutional-quality self-storage facility located in Rio Vista, comprising 450 units across 64,650 net rentable square feet. Delivered in 2023, the property is situated on a total of 7.33 acres and features six single-story buildings designed for efficient drive-up access. The asset also offers a significant value-add component, with approximately 3.62 acres available for future expansion.
The facility is well-appointed with a comprehensive suite of modern amenities, including gated access with digital keypad entry, an on-site management office, and 24/7 video surveillance. In addition to traditional drive-up units, the property benefits from a diverse unit mix that caters to a wide range of tenant needs, including select units with advanced Bluetooth-enabled access technology. Flexible month-to-month leasing, on-site moving supplies, and customer-focused features further enhance the tenant experience and operational efficiency.
Strategically located along River Road with exposure to approximately 2,606 vehicles per day, the property is positioned to capture demand from the surrounding trade area. The facility serves a growing ten-mile population of 15,290 residents and 7,265 households, supported by an average household income of $93,899 and projected population growth of 1.8 percent over the next five years. Nearby national retailers including McDonald’s, Subway, Ace Hardware, and KFC further contribute to consistent traffic and local economic stability, reinforcing the property’s strong underlying fundamentals and long-term growth potential.
