Core Location: Core Bay Area location and trade area
Strong Occupancy: Currently 95% occupied in a trade area that averages 93-95%
Best-in-Class Asset: Class A, institutional quality asset, nearly 100% climate-controlled
Limited New Supply: Very high barrier to entry markets with no new supply in the pipeline
Immediate Upside: High in-place occupancy allows for immediate rental rate push to market rates
High Income Trade Area: Average household income $187,000 within 3 miles
Strategic Location: Prominent location south/west of I-880 providing immediate access to large amount of new and planned residential development
Densely Populated: 133,890 people within 3 miles and 287,000 within 5 miles
The Cushman & Wakefield Self Storage Advisory Group has successfully completed the sale of Newark Self Storage (Extra Space managed).
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