213-613-3223
1718 W Base Line St, San Bernardino, CA for Sale
Self-Storage Facilities - FOR SALE
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1718 W Base Line St
San Bernardino, CA 92411


HIGHLIGHTS

  • Significant Management Upside: Subject Property Street Rates 26.2% Below Local Market Averages
  • Recent Capital Improvement Projects: New Doors / Complete Remodel of Office & Reception Area
  • On-Site Residence: 1 Bedroom / 1 Bathroom Manager Residence Located On-Site
  • Growing Residential Market: 3,052 Future Residential Units in Development Pipeline (5-Mile Radius)
  • High Visibility Location: 28,047 VPD Traffic Count (West Base Line Street)

OVERVIEW

View Offering Memorandum and Due Diligence: https://selfstorageadvisory.com/properties/base-self-storage/ CBRE's Self Storage Advisory Group is pleased to present the offering for Base Self Storage, a traditional drive-up self-storage facility located in the city of San Bernardino, CA. Base Self Storage consists of 218 units, ranging in size from 5X3 up to 20X12, representing a combined 17,302 net rentable square feet. This property offers tenants ground-level drive-up & walk up units with convenient online rentals and billpay. Base Self Storage currently sits on .85 acre of land and for groups looking to potentially expand the current facility's footprint the Seller would consider selling the adjoining .81 acre parcel (NOT A PART of current offering but if interested contact our listing team for additional details) immediately to the east of the subject property. The facility is currently 83.1% physical occupancy, as of May 31, 2024, representing a unique operational opportunity for a storage investor looking for in place cash flow as well as forward looking upside potential. Base Self Storage is strategically located in the Riverside-San Bernardino, CA MSA, the 20th largest GMP economy in the nation with Riverside County ranking as the fastest growing large county in the state of California. This property is positioned in a densely populated submarket with 375,430 people within a 5-mile radius of the facility and within close proximity to the San Bernardino International Airport and San Bernardino Valley College. The surrounding area also offers strong income numbers, with an average 5 mile household income of $79,293. Base Self Storage benefits from its strategic location along West Baseline Street, this high visibility traffic corridor offers vehicle counts exceeding 28,000 vehicles per day. The local submarket is experiencing solid residential growth with 3,052 future residential units in the development pipeline within a 5-mile radius.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Base Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

CG-1

APN/PARCEL ID

0143-161-01,0143-161-03,0143-161-04

ASK ABOUT THIS PROPERTY

Nicholas WalkerCBRE, Inc.More Info
213-613-3223

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Nicholas WalkerCBRE, Inc.More Info
213-613-3223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.