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1145 Front St - Soledad Mini Storage 12,708 SF Specialty Building Offered at $3,393,260 CAD at a 6.04% Cap Rate in Soledad, CA 93960
Investment Highlights
- Exceptional Self-Storage Investment Opportunity
- Strong Demographics
- State-Of-The-Art Property Amenities
- Advantage of No Rent Control in Self Storage
Executive Summary
Soledad Mini Storage is a rare opportunity to acquire a well-situated self-storage facility in Soledad, California. The acquisition offers an investor a well-maintained asset in an undersupplied local market with strong demographics. The property features approximately 13,226 net rentable square feet, consisting of 100 self-storage units, 4 parking spaces, and 1 on-site apartment, and includes modern amenities such as electronic gate access, security systems, an on-site manager’s residence, and a full-service leasing office. The surrounding area has a high population density of approximately 24,413 residents within a five-mile radius. Soledad Mini Storage presents an ideal investment opportunity for entry into the California self-storage market, with benefits for local operators seeking economies of scale, exchange or cross-product buyers seeking stable cash flow and simplified management, and apartment investors looking to diversify and create cross-marketing opportunities between residential and storage assets, with the added advantage that self-storage is not subject to local or state rent control laws.
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Property Facts
| Price | $3,393,260 CAD | Building Class | C |
| Price Per SF | $256.56 CAD | Lot Size | 0.80 AC |
| Sale Type | Investment | Building Size | 13,226 SF |
| Cap Rate | 6.04% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1990 |
| Property Subtype | Self-Storage | ||
| Zoning | H-C - Commercial Highway | ||
| Price | $3,393,260 CAD |
| Price Per SF | $256.56 CAD |
| Sale Type | Investment |
| Cap Rate | 6.04% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 0.80 AC |
| Building Size | 13,226 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Zoning | H-C - Commercial Highway |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 022-223-026-000 | Improvements Assessment | $1,361,307 CAD |
| Land Assessment | $1,206,576 CAD | Total Assessment | $2,567,883 CAD |
Property Taxes
Parcel Number
022-223-026-000
Land Assessment
$1,206,576 CAD
Improvements Assessment
$1,361,307 CAD
Total Assessment
$2,567,883 CAD
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1145 Front St - Soledad Mini Storage
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