San Diego MSA New Construction Self-Storage Opportunity – Jamul, CA
3030 Jefferson Rd, Jamul, CA 91935

UNDER AGREEMENT
NRSF
59,438
Jamul, CA
Value-Add
New class A construction, opened in December 2021
72.4% occupied after only 8 months of leasing
All ground level units with 63% of space offering drive-up access
Opportunity to convert large, interior units to smaller sizes driving rent per SF
Located in Jamul, CA; a San Diego suburb with a median income of $151,435
Tremendous upside in rental rates and economic occupancy

The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale the San Diego MSA Self Storage Opportunity.

This offering presents a rare opportunity to acquire a newly developed, class A quality self-storage project in the highly sought-after market of San Diego County. The project is located in the East County community of Jamul – a high-end, high-income suburb with a median household income of $151,435 within a 3-mile radius.

Built in 2021, the 59,438 square-foot project has an excellent mix of drive-up units as well as rare, high bay indoor RV & Boat parking units. Approximately 63% of the total square feet of the project offers drive-up access with those units at 97.8% occupancy after only 8 months of leasing. The store has seen tremendous leasing activity since delivery in December 2021 with physical occupancy at 72.4% (by units) as of the end of August 2022. With physical occupancy nearing stabilization and economic occupancy at 60%, this project provides a tremendous opportunity to immediately and aggressively raise rental rates driving value-add type returns.




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