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1925 Oak Grove RdWalnut Creek, CA 94598
Stabilized California Bay Area Self-Storage Opportunity: Walnut Creek, CA
Asset ClassSelf Storage
Occupancy92%
Year Built: 1998# Units: 1.2 KSquare Feet: 140,158Access Data Room
Stabilized California Bay Area Self-Storage Opportunity: Walnut Creek, CA
overview of deal

Overview

The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale Shadelands Self Storage.

 

Shadelands Self Storage is located in the affluent Walnut Creek neighborhood community of the East Bay of San Francisco. This high-end trade area serves the surrounding communities of Walnut Creek, Pleasant Hill, Concord, and Clayton. Within 3 miles of the subject property, average household incomes exceed $166,066 with average home prices well over $1,000,000. The Walnut Creek community boasts an average disposable income of $125,440, nearly 31% higher than the California average of $92,100.

 

Shadelands Self Storage is located between Treat Blvd and Ignacio Valley Rd, two major east/west arterials. The facility totals just over 140,000 rentable square feet and 1,201 storage units. The facility consists of a rare mix of climate-controlled and drive-up units, of which 62% are drive-up and nearly 83% are ground-level, rarely found in such a densely populated, core trade area. The facility has been self-managed by the current ownership group whose primary focus is on other asset classes. The subject property is currently 92% occupied with a history of occupancy in the mid-90% range. Additionally, the facility sits on 6.3 acres and presents an opportunity for future expansion through increased density with the ability to build vertically.

 

Shadelands Self Storage provides an exceptional opportunity to acquire an impeccably maintained, well-designed, and under-managed asset in a top 10 MSA. Furthermore, the property offers the rare opportunity to capitalize on an extremely high barrier to entry market with favorable fundamentals allowing for very strong rental rate growth and long-term cash flow and capital appreciation.

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Investment Highlights

MSA
San Francisco
Occupancy
92%
Year Built
1998
Land
6.3 Acres
# Units
1.2 K
  • Located in one of the most sought after and fastest growing MSA’s in the nation – San Francisco MSA
  • High End, High Barrier to Entry Location with favorable demographics and fundamentals
  • Owner-managed facility with significant rental rate and operational upside
  • Rare Mix of Drive-Up and Ground Level Units
  • Currently 92% occupied with strong history of occupancy in mid-90% range
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1925 Oak Grove RdWalnut Creek, CA 94598

Self Storage Advisory Group of Cushman & Wakefield

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Listing provided by Revere CRE