This offering features a 2.47-acre entitled development site located at 4800 Citrus Avenue in Fontana, California. The project has approved site plans for a Class A, climate-controlled self storage facility totalling approximately 119,200 gross square feet. The proposed design consists of a three-story, on-grade structure and is part of the Ventana Canyon specific plan, a 105-acre master-planned, mixed-use community consisting of 1,671 residential units, 450,000+ square feet of retail/commercial space, and 26,000+ square feet of flex R&D space.
The site benefits from excellent visibility and access, situated along a major arterial corridor with freeway frontage on I-15 and strong daily traffic counts. Fontana continues to experience rapid residential and commercial growth, driven by its affordability, strategic location, and influx of new housing and retail development. The surrounding area is supported by a diverse mix of homeowners, renters, and small businesses—key demand drivers for self storage.
Local market fundamentals further strengthen the opportunity. Within a 3-mile radius, there are only 4 existing facilities resulting in just 3.95 NRSF per capita, well below the California average of 5.53 and the national average of 6.36. The subject property is the only future supply in the 3-mile pipeline, adding only 1.28 NRSF per capita, reinforcing the undersupply. Additionally, the average household income within 3 miles is $168,553, with a population of over 72,000. Within 5 miles, the population surpasses 195,000 with an income base of $147,248. These strong demographics, combined with minimal existing climate-controlled inventory, highlight a clear gap in the market. Additionally, the surrounding market has seen and will continue to benefit from significant housing growth with the addition of 5,000+ homes recent delivered or in planning.
This project presents a rare opportunity to capitalize on favorable market conditions with an entitled, strategically located facility in one of Southern California’s fastest growing and most underbuilt submarkets. The Inland Empire consistently ranks among the top-performing Self-Storage markets in the nation, supported by strong fundamentals, a growing population, and limited new supply.