SELF STORAGE SPACE - SALE PENDING

Safe Hold Storage in Sacramento is a 24,465 net rentable square foot facility consisting of 248 units, and is located on Freeport Blvd frontage road, a primary arterial dominated by retail, food service and other commercial/industrial users and is adjacent to the Sacramento Executive Airport. The site has excellent visibility and signage with high traffic counts and a 5-mile population in excess of 313,000. The property is located in an undersupplied market within Sacramento with an estimate 3-mile population of 148,847 and a current self-storage supply of 5.83 SF/capita.

Sale Note
Colliers’ de Jong | Becher team has been retained as the exclusive advisor by the ownership to offer for sale the property located at 6340 Freeport Blvd, Sacramento, CA. The property is fully stabilized self-storage asset built in 1996 with 24,465 net rentable square feet in 248 units. This owner managed facility will be delivered on an as-is, where-is basis and is currently at below market occupancy of 89.6% at a weighted average rental rate of $1.25 (storage). Market rents in the area are reported by Yardi Matrix as $1.70/SF standard and $2.18 climate-controlled, giving the buyer ample room to raise rents. In-place income projected to be $250,795 for the next twelve-month period based on current in-place rents and actual trailing twelve month expenses. Facility was recently converted to a remote managed site and is 3rd party managed by SSMC. Offered for sale at current market price based on offers received.