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Investment Highlights

  • Larger units. On average, the typical unit exceeds 174 NRSF.
  • Priced below replacement costs at $86.35 per NRSF.
  • Cell tower lease offers additional, ancillary income.

Executive Summary

Stable asset with upside through continued occupancy – approaching an 8% CAP on 90% economic occupancy.

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $968,124 $15.20
Other Income $39,536 $0.62
Vacancy Loss $350,461 $5.50
Effective Gross Income $657,199 $10.32
Taxes $71,753 $1.13
Operating Expenses $213,407 $3.35
Total Expenses $285,160 $4.48
Net Operating Income $372,039 $5.84

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual $968,124
Annual Per SF $15.20
Other Income (CAD)
Annual $39,536
Annual Per SF $0.62
Vacancy Loss (CAD)
Annual $350,461
Annual Per SF $5.50
Effective Gross Income (CAD)
Annual $657,199
Annual Per SF $10.32
Taxes (CAD)
Annual $71,753
Annual Per SF $1.13
Operating Expenses (CAD)
Annual $213,407
Annual Per SF $3.35
Total Expenses (CAD)
Annual $285,160
Annual Per SF $4.48
Net Operating Income (CAD)
Annual $372,039
Annual Per SF $5.84

Property Facts Under Contract

Price $6,255,000 CAD
Price Per SF $98.20 CAD
Sale Type Investment
Cap Rate 5.95%
Sale Condition 1031 Exchange
Property Type Specialty
Property Subtype
Self-Storage
  • Specialty Parking Garage
  • Specialty Parking Lot
Building Class B
Lot Size 10.10 AC
Building Size 63,696 SF
No. Stories 1
Year Built 2001
Zoning M2 - Heavy Industrial

Amenities

  • Property Manager on Site
  • Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
008-038-510-000
Land Assessment
$1,345,425 CAD (2025)
Improvements Assessment
$3,690,005 CAD (2025)
Total Assessment
$5,035,431 CAD (2025)
Annual Taxes
$71,753 CAD ($1.13 CAD/SF)
Tax Year
2024
  • Listing ID: 36012279

  • Date on Market: 2025-05-28

  • Last Updated:

  • Address: 3562 Big Valley Rd, Kelseyville, CA 95451

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