240 Tule Creek Rd - Self-Storage Facilities FOR SALE


Hayfork, CA 96041
$408,888 USD
408-642-0353
240 Tule Creek Rd, Hayfork, CA for Sale
$408,888 USD
Self-Storage Facilities - FOR SALE
1/3
null | 7.47% Cap Rate

240 Tule Creek Rd
Hayfork, CA 96041


HIGHLIGHTS

  • Investors have the opportunity to acquire an exceptional self-storage asset with high potential cash flow in the heart of California's Trinity County.
  • The subject property offers investors the potential for remote management through online software and outsourcing call centers.
  • Investors have the opportunity to further increase cashflow through the expansion and development of the parcel's underutilized land.
  • 240 Tule Creek Rd also includes a single-family home, offering an opportunity for additional rental income or as a residence of an on site manager.
  • Allows property owners to adjust rental rates in response to market demand and operational costs, promoting flexibility and revenue growth.

OVERVIEW

Hayfork Mini Storage is an exceptional 30 unit self-storage asset located in the thriving city of Hayfork, California. The acquisition of this asset will provide an investor with a self-storage facility in an undersupplied local market with strong demographics. Additional upside can be attained through the expansion and development of the parcel's underutilized land. The subject property features 30 self-storage units, consisting of approximately 6,000 square feet of net rentable space. 240 Tule Creek Rd also includes a single-family home, offering an opportunity for additional rental income or serving as a residence for an onsite leasing manager. The subject property is situated on a large 3.26 acre parcel of land and features one single-story drive-up building with metal construction. Hayfork Mini Storage offers a range of modern amenities, including 24-hour surveillance and a remote access secured gate. Hayfork Mini Storage presents an ideal investment opportunity for those looking to enter the self-storage market in California. Local storage operators can benefit from economies of scale, while exchange or cross-product buyers will appreciate the stable cash flow and simplified management associated with self-storage. Additionally, local apartment investors may diversify their portfolios and create cross-marketing opportunities between residential and storage properties. Self-storage is not subject to any local or state rent control laws.

FOR SALE DETAILS

PRICE

$408,888 USD

PRICE/SF

$51 USD /SF

CAP RATE

7.47%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.26 AC

LAND SF

142,006 SF

ZONING

C

APN/PARCEL ID

014-370-028-000

ASK ABOUT THIS PROPERTY

Matthew McCaffreyMarcus & MillichapMore Info
408-642-0353

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

Matthew McCaffreyMarcus & MillichapMore Info
408-642-0353

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