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2280 Avenida del Diablo - Diablo Mini Storage 66,995 SF Specialty Building Offered For Sale in Escondido, CA 92029
INVESTMENT HIGHLIGHTS
- Dense In-Fill Location: Current Population - 227,261 5,118 Future Residential Units in Development Pipeline (5-Mile Radius)
- High Income Submarket Average: Household Income $137,049 (5-Mile Radius)
- Generational Ownership: First Time On Market Opened for Business in 1984
- Robust Wage Growth: Escondido’s Median Household Income has Increased 63% (Since 2020)
EXECUTIVE SUMMARY
VIEW OFFERING MEMORANDUM: https://selfstorageadvisory.com/properties/diablo-mini-storage/
CBRE’s Self Storage Advisory Group has been retained by ownership as the exclusive agent to market the sale of Diablo Mini Storage in Escondido, CA. This investment represents a unique opportunity to acquire a generational asset from ownership that has been in place since the property’s development in 1984. Diablo Mini Storage includes 66,995 net rentable square feet of storage distributed across 690 units offering ground level drive-up as well as walk-up storage units. The property currently offers 24-hour monitoring via the Verkada security camera system, automated entry gate with keypad, staffed leasing office with retail sales of boxes and supplies as well as an on-site residential unit. Recent capital improvement projects include security camera system, roofs, concrete drive aisles and perimeter fencing. The facility is strategically positioned on a large 4.1 acre parcel at the heart of a diversified residential community including single family, multi-family, senior living and mobile home communities in the immediate area. This submarket offers highly desirable demographics metrics, with population density of 227,261 people and average household incomes of $137,049 within a 5-mile radius.
The community of Escondido, California is emerging as a dynamic hub for economic growth and innovation in North San Diego County. Escondido boasts a diversified economy driven by key sectors such as healthcare, advanced manufacturing, agriculture and agtech, cleantech, and retail. Escondido supports a vibrant academic community, with five colleges serving the local community. Looking ahead, Escondido is experiencing a surge in development activity, including mixed-use residential and commercial projects. These projects reflect a commitment to revitalization and are expected to generate hundreds of new jobs and millions in investment. With its strategic location, diverse industries, and forward-looking development plans, Escondido is well-positioned for sustained economic expansion and community enrichment.
CBRE’s Self Storage Advisory Group has been retained by ownership as the exclusive agent to market the sale of Diablo Mini Storage in Escondido, CA. This investment represents a unique opportunity to acquire a generational asset from ownership that has been in place since the property’s development in 1984. Diablo Mini Storage includes 66,995 net rentable square feet of storage distributed across 690 units offering ground level drive-up as well as walk-up storage units. The property currently offers 24-hour monitoring via the Verkada security camera system, automated entry gate with keypad, staffed leasing office with retail sales of boxes and supplies as well as an on-site residential unit. Recent capital improvement projects include security camera system, roofs, concrete drive aisles and perimeter fencing. The facility is strategically positioned on a large 4.1 acre parcel at the heart of a diversified residential community including single family, multi-family, senior living and mobile home communities in the immediate area. This submarket offers highly desirable demographics metrics, with population density of 227,261 people and average household incomes of $137,049 within a 5-mile radius.
The community of Escondido, California is emerging as a dynamic hub for economic growth and innovation in North San Diego County. Escondido boasts a diversified economy driven by key sectors such as healthcare, advanced manufacturing, agriculture and agtech, cleantech, and retail. Escondido supports a vibrant academic community, with five colleges serving the local community. Looking ahead, Escondido is experiencing a surge in development activity, including mixed-use residential and commercial projects. These projects reflect a commitment to revitalization and are expected to generate hundreds of new jobs and millions in investment. With its strategic location, diverse industries, and forward-looking development plans, Escondido is well-positioned for sustained economic expansion and community enrichment.
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2280 Avenida del Diablo - Diablo Mini Storage
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