https://foothillministoragearcadiaca.sharplaunch.com/
VERSAL is pleased to present for purchase Foothill Mini
Storage in Arcadia, California – a jewel box size, well
occupied asset with massive visibility to over 265,000
cars via the I-210 Freeway. The facility consists of
22,641 rentable square feet spread across 171 single
story units with a favorable average unit size of 132
square feet.
The City of Arcadia, California is located in the San
Gabriel Valley in the Los Angeles Basin approximately
thirteen miles northeast of downtown Los Angeles. This
dense, high-end suburb is known for its location tucked up against the picturesque San Gabriel mountains,
being home to the Santa Anita Park race track as well
as the highly regarded Westfield Santa Anita shopping
center.
This offering is for the leasehold position in the asset.
The original fifty-five-year lease commenced in 1987
and expires in December 14, 2042. Caltrans, the ground
lessor, has stated they will engage in term extension/
renewal discussions when the agreement has less than
five years of term remaining.