This development opportunity consists of 1.04 acres with potential to build a fully climate-controlled self-storage facility. The site has been zoned IL-3-1 (Industrial-Light) allowing for mix of development including industrial, office and commercial uses including self-storage. Additionally, the zoning allows for a floor to area ratio (F.A.R) of 2.0.
The site is located directly on Pacific Hwy just off the Interstate I-5 and I-8 corridors, two of the busiest interstates in all of San Diego County. The location provides excellent visibility and accessibility from Pacific Highway as well visibility to both Interstates 5 (235,600 vehicles per day) & 8 (209,000 vehicles per day). The site sits in the Morena submarket nestled between Mission Valley and Sports Arena, both of which are seeing significant new multi-family and mixed-use developments. The Morena pocket is also expected to see tremendous multi-family growth with the newly amended Morena specific plan outlining many new multifamily development sites to accommodate the heavy population from the University of San Diego campus.
With the upcoming restrictions to self-storage development in prime industrial and mixed-use zoned parcels in San Diego, this Investment offers a unique opportunity to build a Class-A self-storage facility in the rapidly growing and supply constrained San Diego market.