Core, Class A Bay Area Self Storage – Oakland, CA
4356 Coliseum Wy Oakland, CA 94601
This offering represents a rare opportunity to acquire a newly constructed, Class A, institutional-quality self-storage asset in the core Bay Area market of Oakland/Alameda, California.The project totals 84,385 rentable square feet and 910 units, featuring a modern design and a strong unit mix, including elevator access and climate-controlled units. Delivered in 2023, A-1 Self Storage is one of the only new facilities delivered in the immediate trade area in recent years, with limited future supply in the pipeline. The asset is highly visible along Highway I-880, which boasts over 216,000 vehicles per day, and is strategically located along the High Street Bridge corridor, which serves as the southern access point from Oakland to Alameda. Additionally, the property benefits from exceptional population density, strong income demographics, and extremely high barriers to entry that limit future competition.
The facility is currently in lease-up, with physical occupancy of approximately 60%, providing significant runway for income growth. Market demand and supply metrics are strong, with over 272,000 people within a 3-mile radius, 5.01 NRSF of existing and future supply per person, and average rents in the area in the $30 per square foot range. In-place rents at the subject property remain well below those of REIT-managed stores in the competitive set, creating a compelling value-add opportunity in a submarket underserved by modern self-storage supply.
The property is ideally positioned within the Alameda–Oakland corridor, a high-density, high-demand submarket in the San Francisco Bay Area that blends the economic strength of Oakland—one of the region’s largest and most diverse cities—with the residential appeal and limited supply of Alameda, a high-income island community. Together, Alameda and Oakland form a uniquely synergistic market, offering a mix of urban density, stable demographics, and strong barriers to entry. In total, the immediate area benefits from access to over 7.5 million Bay Area residents, a diversified employment base, and the Bay Area’s most comprehensive public transit infrastructure, including BART, AC Transit, and ferry service to San Francisco.
Located just off Interstate 880, the property offers exceptional connectivity. It is minutes from the planned Oakland Coliseum redevelopment, which will bring 5,700 new residential units, retail, entertainment, and sports venues to the immediate area, further enhancing long-term demand.
With its central infill location, Class A construction, and significant lease-up potential, A-1 Self Storage – Oakland presents an outstanding opportunity to invest in a supply-constrained, growth-oriented corridor that serves both the high-income residential base of Alameda and the economic engine of Oakland.