VIP Self Storage – El Cajon, California (San Diego MSA)

Property Location

1636 North Magnolia Ave
El Cajon, CA 92020

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investment highlights

  • LOCATION // Rare San Diego area facility in an established prime Southern California market.
  • UNIQUE OPPORTUNITY // Affordability within a market of low transaction history.
  • OWNER-MANAGED FACILITY // Asset displays pride of ownership with little deferred maintenance.
  • UPSIDE // Below market rents provide benefit mitigation and with aggressive revenue management, collection of administrative fees and more tenant insurance requirements will increase cash-flow substantially.
  • OCCUPANCY // Currently highly physically occupied (97.50 percent) but with an economic occupancy of 72.47 percent giving a buyer an opportunity to increase NOI.

Broker Information

Charles "Chico" LeClaire

Executive Managing Director

Phone: 303.328.2025
Email: cleclaire@marcusmillichap.com
License: CO EA00147681

Keith Phillips

Investment Associate

Phone: 818.212.2764
Email: kphillips@marcusmillichap.com
License: CA 02065881

Jim Markel

Investment Associate

Phone: 818.212.2700
Email: jim.markel@marcusmillichap.com
License: CA 01253407

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Contact The LeClaire-Schlosser Group