SELF STORAGE BUILDING FOR SALE

Safe Hold Storage in Sacramento is a 24,545 net rentable square foot facility consisting of 256 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 24,545 net rentable square feet in 256 units. This owner managed facility will be delivered on an as-is, where-is basis and is currently at below market occupancy of 85% at a weighted average rental rate of $1.36 (storage). Market rents in the area are reported by Yardi Matrix as $1.85/SF, giving the buyer ample room to raise rents.Projected Year 1 Net Operating Income, based on in-place rents and adjusted property taxes to $260,562 and the property is offered for sale at Market Bid.