San Diego Self-Storage Development Opportunity – San Diego, CA
4891 Pacific Hwy, San Diego CA

Price
Market Bid
Acres
1.04
San Diego, CA
Development
Potential Joint Venture structure
Located on Pacific Hwy with freeway visibility from both Interstate I-5 with over 235,600 vehicles per day and Interstate 8 209,000 vehicles per day
Dense Infill area with nearly 406,000 people in 5 mile radius
Nearly 20,140 residential units planned/proposed in 5 mile radius
$130,013 Average Household income within 5 mile radius
Very limited climate control in the trade area with only +/- 1.54 SF/capita

The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the sale of this proposed self-storage site in San Diego, CA.

This development opportunity consists of 1.04 acres with potential to build a fully climate-controlled self-storage facility. The site has been zoned IL-3-1 (Industrial-Light) allowing for mix of development including industrial, office and commercial uses including self-storage. Additionally, the zoning allows for a floor to area ratio (F.A.R) of 2.0.

The site is located directly on Pacific Hwy just off the Interstate I-5 and I-8 corridors, two of the busiest interstates in all of San Diego County. The location provides excellent visibility and accessibility from Pacific Highway as well visibility to both Interstates 5 (235,600 vehicles per day) & 8 (209,000 vehicles per day). The site sits in the Morena submarket nestled between Mission Valley and Sports Arena, both of which are seeing significant new multi-family and mixed-use developments. The Morena pocket is also expected to see tremendous multi-family growth with the newly amended Morena specific plan outlining many new multifamily development sites to accommodate the heavy population from the University of San Diego campus.

With the upcoming restrictions to self-storage development in prime industrial and mixed-use zoned parcels in San Diego, this Investment offers a unique opportunity to build a Class-A self-storage facility in the rapidly growing and supply constrained San Diego market.




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