Entitled Self-Storage Development – Palm Springs, CA
950 N Farrell Dr, Palm Springs, CA 92262

Under Agreement
NRSF
52,425
Palm Springs, CA
Land
Entitled Class-A Self Storage Development: Site is fully entitled and can be delivered permit-ready.
Highly desirable Trade Area: Southern California is one of the most sought-after development/investment markets in the U.S.
Excellent Design and Unit Mix: Project is designed with an excellent mix of climate control and drive-up units
High Growth Market: Over 5,000 Residential Units Planned or delivered within 5-miles
High-Income Trade Area: Average household income nearly $108,000
Lack of Climate Controlled Competition: Approx 2.0 SF per capita of climate-controlled space with 10x10 CC rents averaging $2.75/SF.

The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the sale of this Self-Storage development opportunity in Palm Springs, CA. The project is fully entitled and can be delivered shovel-ready upon closing.

This development opportunity consists of 4.20 acres of land with entitled plans for a Class A storage and RV facility, featuring 64,092 gross SF and 52,425 rentable SF. The design is all single-story with an excellent mix of climate-controlled and drive-up units. The current design does not maximize the allowable FAR, and with a redesign, there is the possibility of adding an additional +/- 27,000 SF.

The site is located directly on the highly trafficked N Farrell Drive, which sees nearly 13,500+ vehicles per day. It is strategically positioned close to main interstates and downtown Palm Springs, one of California’s premier high-end tourist destinations. Demand is bolstered by the high volume of tourists, retirees, and seasonal residents, all of whom require flexible and secure self-storage options. With summer temperatures consistently reaching the low 100s, climate-controlled storage options are in high demand but low in supply in the immediate trade area, with only +/- 2.0 NRSF per capita of climate-controlled product. Additionally, the immediate trade area boasts an average household income of nearly $108,000.

Furthermore, there are plans for numerous new homes and residential developments in the area, which will further increase demand for storage solutions.




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