San Diego Self-Storage Development Opportunity – Chula Vista, CA
Eastlake Drive, Chula Vista, CA 91913

Under Agreement
NRSF
123,197
Development
Chula Vista, CA
Entitled Class-A Self Storage Development Site in Top MSA
Desirable mix of Climate Control & RV Units
Rapidly expanding Residential market with over 5,000 new homes planned to be delivered.
Located +/-3 miles from Millenia, a 210-acre mixed use Master Planned community entitled for 3,000 residential units
High-Income trade area with over $168,280 average household incomes
Favorable Square Foot Per Capita numbers with limited future supply

The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the sale of this Self-Storage development opportunity in Chula Vista, CA.

This development opportunity consists of entitled plans for a Class A storage and RV facility consisting of 163,386 gross SF of 123,197 rentable SF spread over two 3-story buildings with an additional pad for RV/Boat parking spaces.

The site sits directly on the highly trafficked interstate I-125 which boasts nearly 200,000 vehicles per day and is strategically located in the Eastlake master planned community of Chula Vista. Developed by former Irvine Company executives and continually voted “Best New Community” by the San Diego Union Tribune, Eastlake is one of San Diego County’s most successful, sought after master planned communities in San Diego County.

With over 1 million square feet of recent commercial development, 5,000 new homes slated to be delivered over the next 20 years, and a recent commitment from SDSU to relocate the universities Film & TV program to the Think Campus at Millenia, the community of Eastlake is poised to continue to thrive as one of the best and fastest growing communities in the county.

Additionally, the site boasts favorable square foot per capita numbers, well below the national averages, with only 3.63 NRSF of existing supply in the 3-mile radius and is the only future supply in the pipeline. In addition to the favorable supply numbers, the immediate trade area has an Average Household income of $168,280. This opportunity represents a rare opportunity to purchase an entitled Class-A Self Storage development site in the San Diego MSA within one of the fastest growing submarkets of San Diego.




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