investment highlights
- INFILL LOCATION // Wrondel Self Storage is strategically located in Reno’s Airport submarket, offering immediate access to Mill Street and I-580. The asset benefits from a diverse demand base driven by nearby industrial users, airport-related traffic, and dense surrounding residential neighborhoods. With limited new supply and increasing zoning constraints, the property represents an irreplaceable storage location with durable occupancy and meaningful operational upside.
- STRONG HISTORICAL PERFORMANCE // The property has averaged 85% occupancy and $1.23 rent per square foot since 2024. Currently, the property is 88% occupied presenting an opportunity to increase occupancy while maintaining strong achieved rates.
- GREAT DEMOGRAPHICS AND LOCATION // The trade area population is expected to grow 3.3 percent over the next five years. Currently, there are 100,268 people in a three-mile radius of the property with 47,030 households, and an average household size income of $90,103.
- DEVELOPMENT GROWTH // Within three miles of the property, there are nearly 3,200 residential units planned or under construction, the largest being the $1 billion Grand Sierra Resort Expansion, with an additional $1 billion of commercial developments. These ongoing projects will continue to supply strong tenants from both residential and commercial tenant bases.
property summary
Wrondel Self Storage is a 412-unit, 51,200 net rentable square foot self-storage facility located in Reno, Nevada. The property sits on around 2.56 acres of land, was initially constructed in 1975 and contains four single-story self-storage buildings with 412 drive-up units.
Wrondel Self Storage has many amenities including a gated entry with a digital keypad, a separate onsite management office in front of the entrance gate, 24/7 video surveillance throughout the facility, concrete driveways, and units with roll-up doors.
The facility is centrally located in Reno with excellent visibility from Wrondel Way and over 25,000 passing vehicles per day on the nearest main thoroughfare, South Virginia Street. There are major drivers in the immediate area such as the Peppermill Resort and Casino, 7-Eleven, Wendy’s, Sprout’s Farmers Market, CVS Pharmacy, Staples, Wells Fargo, and Cinemark Century Movie Theater to name a few.
