The Self-Storage Group of Cushman & Wakefield has been selected to exclusively market the sale of the Prebys Foundation 3-Property Self-Storage Opportunity.
Take advantage of the opportunity to acquire three self-storage facilities in the affluent and densely populated Southern California market. With a 2020 population of 1,386,932, San Diego is the eighth most populous city in the United States and second most populous in California. The city’s median household income is $85,507 while the median property value is $658,400; both figures have seen consistent, significant year-over-year increases.
The first property is located at 3865 Rosecrans St, right off of the heavily trafficked San Diego Freeway, in San Diego’s iconic Old Town. The property features convenient drive-up access, boat/vehicle storage and is protected by electronic gate access and a closed-circuit surveillance system. Built in 1983 and improved in 1993, this well-maintained structure easily accommodates 1,124 units situated throughout 56,844 square feet of space.
The next location can be found at 4835 Pacific Hwy near the junction of the Pacific Highway and the San Diego Freeway, just South of the San Diego River. This high-visibility location features clean, well-lit storage options, boat/vehicle storage and is protected by a security gate as well as an advanced surveillance system. Built in 1983, this established business comprises 924 various-sized units housed within a 55,083 square-foot structure.
Lastly, the 12205 Woodside Ave property is situated within the Lakeside suburb in a key commercial area that features Planet Fitness, Starbucks along with other major chain restaurants and retailers. Completed in 1989, this community staple offers convenient self-storage options with easy access right off of Industry Highway. The massive 108,414 square-foot structure accommodates 1,246 units which are safeguarded by a
security gate and video surveillance.
In summary, this portfolio allows a savvy investor to acquire three established businesses in the affluent San Diego area where growing population coupled with a rising median household income steadily bolsters self-storage demand.