Overview
The Self-Storage Advisory Group of Cushman & Wakefield has been exclusively retained to market for sale StorQuest (Managed) Self Storage – Fairfield, CA, a recently delivered, institutional-quality storage facility in the Bay Area submarket of Fairfield, California.
Located at 555 Pittman Road, this Class-A self-storage facility was completed in 2022 and features 67,883 NRSF across 667 units with an excellent mix of drive-up and climate-controlled units. The project also offers an approved single-story climate-controlled expansion opportunity of close to 14,000 SF, adding an outstanding opportunity for substantial additional revenue.
Currently 85% physically occupied, the facility has demonstrated strong physical lease-up performance while reflecting below-market in-place rents and opportunities for immediate income growth. The asset is also strategically designed with a drive-up ramp between the buildings, providing tenants 100% ground-level access—a unique feature not often seen in modern storage design.
Fairfield and Cordelia are experiencing significant residential growth, exemplified by projects such as the 143-unit Enclave at Cordelia along Red Top Road, the 281-unit Nova at Green Valley apartment community, and the 25-unit Estaire Luxury Townhome development on Pittman Road. Despite this surge in housing development, there are currently no new self-storage facilities approved or under construction in the 3-mile radius. This lack of forthcoming supply positions the existing facility to capitalize on the increasing demand for self-storage. With its high-quality construction, ground-level climate-controlled units, and potential for expansion, the property stands out as a compelling value-add or core-plus investment opportunity for a wide range of buyer profiles.
With in-place operating cash flow, expansion potential, and competitive positioning, StorQuest (Managed) Fairfield offers investors a rare opportunity to acquire a premier self-storage asset in a high-barrier-to-entry market poised for long-term growth.
Investment Highlights
- Prime Bay Area Submarket Location: Situated along the I-80 corridor in Fairfield, CA—connecting Sacramento and the East Bay—the property benefits from exceptional visibility and access in a growing submarket.
- Institutional-Quality Construction & Design: Completed in 2022, the asset features modern, climate-controlled units, state-of-the-art security, and a unique drive-up ramp design allowing for all ground-level access.
- Strong Lease-Up Performance: With physical occupancy at 85%, the facility shows strong operational momentum and immediate upside through rent optimization.
- Approved Expansion Opportunity: The project is approved for an additional single-story climate-controlled building totaling 13,900 SF, potentially increasing the net rentable square footage to approximately 78,500 NRSF.
- Attractive Market Fundamentals: The 5-mile trade area contains over 41,000 residents and boasts a median household income of nearly $156,000.
- High Barriers to Entry: Due to zoning, land constraints, and construction costs, Fairfield offers protection against new self-storage development, limiting future competition.
Photo Gallery
Cushman and Wakefield Self-Storage Advisory Group
