183 S Austin Rd - Self-Storage Facilities FOR SALE


Manteca, CA 95336
$11,400,000 USD
760-534-8135
183 S Austin Rd, Manteca, CA for Sale
$11,400,000 USD
Self-Storage Facilities - FOR SALE
1/24
null | 3.05% Cap Rate

183 S Austin Rd
Manteca, CA 95336


HIGHLIGHTS

  • Adjacent to New Lennar Housing Development (797 Homes)
  • 85% Occupancy in Less than 24 Months of Opening
  • Below Market Rents
  • Advanced Security System With Motion Detectors
  • 100 5-Star Reviews on Google
  • 75 Miles from Sacramento, San Francisco, & San Jose

OVERVIEW

John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me". The Elite Storage Group of Calvary Realty is proud to present Austin Road Self Storage, a premium Class-A storage facility located at 183 S Austin Road in Manteca, California. Positioned within the growing Stockton-Lodi Metropolitan Statistical Area, this facility is strategically located near major highways and new residential developments, including a 797-home Lennar community. Built in 2022, the property spans 2.76 acres and offers 48,650 rentable square feet of storage space across 373 units, with a current physical occupancy of 85%. The modern construction features nine metal and steel buildings designed for optimal functionality and tenant convenience, with all units offering drive-up access. Austin Road Self Storage includes advanced security features, such as motion detectors, providing a safe and secure environment for tenants. The facility also boasts an on-site management office and apartment, making it convenient for operations and customer service. With below-market rents and occupancy reaching 85% in less than two years, there is significant upside potential for investors to capitalize on continued growth. The average household income in the area is $118K, and the property benefits from high traffic visibility, with a count of 16,871 vehicles passing daily on nearby Austin Road. This trophy property represents a strong investment opportunity in a rapidly expanding area. The facility's prime location, excellent build quality, and proximity to major urban centers like Sacramento, San Francisco, and San Jose make it a rare asset in the self- storage market. Priced at $11,400,000 with a cap rate of 3.05%, Austin Road Self Storage is well-positioned for long-term success and future appreciation.

FOR SALE DETAILS

PRICE

$11,400,000 USD

PRICE/SF

$7,917 USD /SF

CAP RATE

3.05%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Austin Road Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.76 AC

LAND SF

120,226 SF

ZONING

CN

APN/PARCEL ID

228-020-46

ASK ABOUT THIS PROPERTY

Brandon RobinsonCalvary RealtyMore Info
760-534-8135

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Brandon RobinsonCalvary RealtyMore Info
760-534-8135

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