Colliers’ de Jong | Becher Self Storage Team along with Brian Slocum of Lee & Associates has been retained as the exclusive advisors by the ownership to offer for sale the SunRay Landscape and Sun-Ray RV & Boat Storage yard.
Combined area of 9.75 acres located in the Fairfield-Vacaville Amtrak Station area slated for long-term redevelopment to residential. The Sun-Ray combined property has current gross effective rents of $542,000 with in-place net operating income of $452,000. Total potential rents are estimated to be $760,000 based on competitive market rents for similar
properties. Average in-place rental rates of $0.27/SF for RV & Boat rentals, $0.72/SF for containers and $0.14/SF for
the outdoor yard area. The property offers the investor an opportunity to enjoy stable income from a long-term tenant
and increasing rents from the RV & Boat Storage yard. Option to add additional containers at Buyers discretion (buyer to
verify with City).
The property is being offered at $6,100,000 on an as-is, where-is basis. The property is free and clear of any debt
allowing the investor/buyer to acquire the property utilizing their own preferred debt/equity deal structure.