The Cushman & Wakefield Self Storage Advisory Group has been exclusively retained to offer for sale Just Storage, a mixed-use self storage and retail asset located in Antelope, CA.

This offering includes 134,834 rentable square feet of self storage across 1,470 units, which was 83.1% leased as of May 2025 at in-place rents of $14.58 PSF. The property also features 46,904 square feet of retail space, currently 90.1% leased at $14.06 PSF, with a weighted average lease term (WALT) of approximately 7.4 years. Originally constructed in 1991, the center underwent phased conversions in 2014 and 2020 to self storage.

Located at the high-traffic intersection of Watt Avenue and Elverta Road in Antelope, CA, the facility sits at the heart of one of Sacramento County’s most active suburban corridors. With over 1.4 million annual visits and an average dwell time of 45 minutes, the center draws consistent foot traffic from a dense surrounding population—over 93,000 residents within a three-mile radius. Anchored by Just Storage and Tractor Supply Company, the property also features a diverse mix of essential services including dental, tax prep, deli, and liquor tenants.

The area boasts an average household income of $110,299 within one mile, and benefits from strong visibility along Watt Avenue (±22,000 vehicles/day) and Elverta Road (±23,000 vehicles/day). Surrounded by a mix of single-family homes and apartments, the center is a vital retail and service destination for the local community, offering long-term stability and growth potential in a well-established suburban trade area.

This investment presents a compelling value-add opportunity through lease-up, rent growth, and operational optimization. The self storage component has clear upside to reach 92%+ occupancy, with in-place rents significantly below market ($14.58 vs. ~$24.00 PSF), offering meaningful revenue growth through leasing remaining vacancy and ECRIs. On the retail side, two vacant units and several near-term lease expirations provide flexibility to re-tenant or renew at higher market rents. Additionally, there is an opportunity to acquire the retail component (excluding Tractor Supply Co.) independently from the self-storage, as it sits on a separate parcel. Anchored by national tenancy and located in a high-growth suburban market, the asset is well-positioned to deliver both stable cash flow and long-term value appreciation.

Access Deal Landing Page Here: Just Storage, Value-Add Self-Storage Opportunity – Antelope, CA