Two Property Portfolio – Adelanto & Mojave, California

Property Location

16488 Adelanto Road
Adelanto, CA 92301

16430 K Street
Mojave, CA 92301

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investment highlights – Adelanto

  • BEST-IN-CLASS FEATURES // Modern and oversized leasing office, drive up non-climate storage options for tenants, security cameras, concrete drive aisles, and keypad access and electronic gate.
  • DESIRABLE LAYOUT AND UNIT MIX // First floor access across the entirety of the facility that offers standard drive-up storage as well as surface and canopy parking.
  • HIGH OCCUPANCY // The facility has a strong history of high occupancy and is currently sitting at 99 percent physical occupancy.
  • UPSIDE POTENTIAL // Increasing revenue through rent price increases. Rates are 24 percent below the market average.

investment highlights – Mojave

  • IMMEDIATE ADDITIONAL REVENUE STREAM // There are 24,500 square feet of open space that would be ideal for RV & Boat storage.
  • ROOM FOR EXPANSION // 15,135 feet of 44,431 feet currently used.
  • 87.4 PERCENT PHYSICAL OCCUPANCY // Low physical occupancy, strong opportunity to increase income through strong property management.
  • UPSIDE POTENTIAL // Increasing revenue through rent price increases. Asset is void of competition.

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

Phone: 818.212.2700
Email: jim.markel@marcusmillichap.com
License: 01263407

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Contact The LeClaire-Schlosser Group