The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to sell American Self Storage in Stockton, CA.
American Self Storage is located in the heart of Stockton, CA on 6.6 acres where the immediate three-mile competition is less than 4.5 per capita and population exceeds 98,000 people. Built in 2003 and upgraded in 2021, the facility consists of 797 total units which include traditional and non-climate units, boat and RV parking, as well as an expansion that will obtain its Certificate of Occupancy within the next month. At 100,085 of net rentable storage plus an additional 41,440 sf of uncovered parking this property remains one of the most recently built, premier self-storage locations within Stockton.
Fronting on W Charter Way, the property has excellent visibility while seeing 17,500 of cars per day passing directly in front of the facility. With the expansion, American Self Storage currently sits at 67% physical and 55% economic which will allow an investor to realize an incredible amount of day one upside by simply stabilizing the facility and pushing rates. Additionally, 24-hour video surveillance and electronic gating is utilized to guarantee secure storage.
American Self Storage offers an investor the opportunity to gain a significant footprint within a market that sees very low sf per capita compared to the national average. The facility delivers immediate upside with opportunities to realize occupancy growth and capitalize on the ability to significantly increase rates during the lease-up phase of the new addition. This property represents the ideal storage investment to position oneself a leader in Stockton’s very competitive self-storage landscape. The offering represents a rare opportunity to acquire a Class-A, recently expanded, mom & pop managed single-story facility.