Stabilized 3-Property Self-Storage Portfolio – Southwest CA, NV, AZ
In 2021, the South and West regions of the U.S were the fastest-growing regions in the country, with cities like Phoenix experiencing explosive growth. The Southwest has lured young, tech-savvy individuals from across the country with affordable, available land and a relatively low cost of living. This has, in turn, led to an increased customer base across industries such as self-storage.
The first of these self-storage properties is listed at 3755 Las Vegas Blvd N in Las Vegas, Nevada. Located right across from City Hall, the property has excellent visibility and sees about 14,000 vehicles per day with approximately 131,837 “Sin City” residents living within a three-mile radius. The facility is situated on a two-acre lot with 413 rentable units currently at 88% physical & 92% economic occupancies in 36,875 square feet of space.
The second self-storage property can be found at 1964 E University Drive in Tempe, Arizona—a high-visibility location that sees about 37,000 Vehicles per day. With a prime location just one minute from Arizona State University, 150,375 residents live within a three-mile radius and the population has grown 1% year over year. The 61,900 square-foot facility is situated on an ample 3.1-acre lot with 733 rentable units and 93% physical & 76% economic occupancies.
The final self-storage property is located at 1317 N Melrose Drive in Vista, California near a large apartment complex. The busy Melrose Drive sees 30,800 vehicles per day and 142,117 residents
live within a three-mile radius. The sprawling, 120,440-square-foot facility is situated on a massive six-acre lot with 958 rentable units and 95% physical & 91% economic occupancies.
Take advantage of this rare opportunity to secure three established, well-maintained facilities in the nation’s fastest-growing region.