Stabilized CA Bay Area Self-Storage Opportunity Walnut Creek, CA
1925 Oak Grove Rd, Walnut Creek, CA 94598
Shadelands Self Storage is strategically located in the affluent Walnut Creek submarket of the East Bay region of San Francisco. This premier trade area serves the surrounding communities of Walnut Creek, Pleasant Hill, Concord, and Clayton. Within a three-mile radius of the property, average household incomes exceed $166,000, and average home values are well above $1,000,000. Walnut Creek boasts an average disposable income of $125,440—approximately 31% higher than the California state average of $92,100.
Ideally positioned between two major east-west thoroughfares, Treat Boulevard and Ignacio Valley Road, the facility comprises over 140,000 rentable square feet across 1,201 units. The property features a rare and desirable unit mix of both climate-controlled and drive-up units, with 62% drive-up and nearly 83% ground-level access—an uncommon amenity in a dense, core infill location.
Currently self-managed by an ownership group whose primary focus lies in other asset classes, the property currently sits at an occupancy rate of 94%, with historical levels in the mid-90% range. Situated on a 6.3-acre parcel, the facility offers significant additional expansion potential through potential vertical construction with increased density.
Shadelands Self Storage represents a compelling opportunity to acquire a meticulously maintained, efficiently designed, and under-managed asset within a top 10 MSA. The property also benefits from strong market fundamentals, including high barriers to entry and robust rental rate growth, supporting long-term cash flow stability and capital appreciation.