431 N 2nd Ave - Self-Storage Facilities FOR SALE


Arcadia, CA 91006
$5,300,000 USD
832-623-1690
431 N 2nd Ave, Arcadia, CA for Sale
$5,300,000 USD
Self-Storage Facilities - FOR SALE
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null | Request Cap Rate

431 N 2nd Ave
Arcadia, CA 91006


HIGHLIGHTS

  • Trade area includes Arcadia, Pasadena, Sierra Madre and Monrovia
  • Extremely high barriers to entry for new supply given combination of land pricing and entitlement headwinds
  • Extremely high visibility to over 265,000 cars via the I-210 Freeway
  • Dense and dynamic demographics
  • 3-mile population of 138,844
  • Favorable rental rates with gross potential rates north of $3.00 per RSF

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$234 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Foothill Mini Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

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STORIES

1

BUILDING CLASS

C

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Bill BellomyVersalMore Info
832-623-1690

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Bill BellomyVersalMore Info
832-623-1690

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