Take advantage of an exclusive opportunity to acquire an established self-storage facility in California’s world-famous Wine Country. With a population of 179,701, Santa Rosa is the largest city in California’s Wine Country and Redwood Coast, as well as the fifth most populous city in the Bay Area.
Located on Dutton Meadow between Hearn Ave and Bellevue Ave, the Santa Rosa property is just a few minutes south of Meadow View Elementary School. In this affluent area, median household incomes are around $70,000.
The 119,680 square-foot structure is situated on a sprawling 8.8-acre lot. There are currently 1,554 rentable units with the potential to convert parking and further expand the storage footprint for this growing business. Storage occupancy is already at 93.2%, up 4.3% from last year.
While constructed in 1996, the facility is well-maintained with extensive capital recently deployed, including 409 door replacements, two apartment repairs and an LED retrofit. For additional enhancements and energy savings, the facility can easily be outfitted with solar power as the permit has already been pulled.
All told, the sale offers the rare opportunity to acquire a self-storage facility in a highly affluent area with considerable value-add upside potential.