https://versalpartners.com/properties/extra-space-third-party-managed/ Extra Space (Third Party Managed) is a newly constructed, class A self-storage facility located in Indio, California. The property is anticipated to receive its certificate of occupancy in April 2025. The property features a total of 416 climate-controlled units and 160 non-climate units for a total of 77,723 NRSF. All of the square footage is single story with 58% of the square footage being climate controlled in a market where high-end customers demand and are willing to pay premium rates for climate space. In July of 2024, the City of Indio enacted a moratorium prohibiting the approval of new self storage development projects. This action will play a vital role in solidifying the future lease up environment for the subject and should aid in performance and rate growth in the long term.