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8805 Red Rock Rd - Red Rock Mega Storage 87,018 SF Specialty Building Offered at $22,605,000 CAD in Reno, NV 89508
Investment Highlights
- Strategic Reno Location: At a signalized intersection providing easy access. Close proximity to Interstate 395 and directly next to 291 new apt. units
- Institutional Quality: Well-maintained metal construction with standing seam roofs and wide paved drive aisles for easy truck/RV maneuvering.
- Expansion Potential: Opportunity for an investor to scale the facility from 81,800 NRSF to nearly 180k NRSF, unlocking meaningful economies of scale.
- Diverse Unit Mix: Comprehensive offering of units, including premium climate controlled spaces, large drive-up storage, mailbox rentals, etc.
- Strong Market Fundamentals: Reno's rapidly expanding economy and population influx drive exceptional, sustained demand for self-storage units.
Executive Summary
Marcus & Millichap, as the exclusive listing agent is pleased to present Red Rock Mega Storage located at 8803 and 8805 Red Rock Road, Reno, NV.
Red Rock Mega Storage presents a rare opportunity to acquire an institutional quality self-storage asset along with an additional, entitled parcel for further expansion. Strategically located in the rapidly expanding Reno market, the property features a diverse unit mix including highly sought-after climate-controlled units and convenient drive-up access for large vehicles, RVs, and small business owners.
The opportunity also includes an adjacent 7.49 acres of entitled land for approximately another 100,000 nrsf of storage units., for a total of 180,000 nrsf. The facility has been professionally managed and boasts consistently high occupancy and strong demand from tenants seeking larger units. With robust population growth in Washoe County and limited new storage supply, incoming investors can immediately capitalize on sustained rental demand and implement strategic revenue management to drive significant Net Operating Income growth. Please do not disturb managers or tenants. Reach out to listing agent for more information.
Red Rock Mega Storage presents a rare opportunity to acquire an institutional quality self-storage asset along with an additional, entitled parcel for further expansion. Strategically located in the rapidly expanding Reno market, the property features a diverse unit mix including highly sought-after climate-controlled units and convenient drive-up access for large vehicles, RVs, and small business owners.
The opportunity also includes an adjacent 7.49 acres of entitled land for approximately another 100,000 nrsf of storage units., for a total of 180,000 nrsf. The facility has been professionally managed and boasts consistently high occupancy and strong demand from tenants seeking larger units. With robust population growth in Washoe County and limited new storage supply, incoming investors can immediately capitalize on sustained rental demand and implement strategic revenue management to drive significant Net Operating Income growth. Please do not disturb managers or tenants. Reach out to listing agent for more information.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $22,605,000 CAD | Building Class | B |
| Price Per SF | $276.34 CAD | Lot Size | 11.88 AC |
| Sale Type | Investment | Building Size | 81,800 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 2023 |
| Zoning | GC | ||
| Price | $22,605,000 CAD |
| Price Per SF | $276.34 CAD |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 11.88 AC |
| Building Size | 81,800 SF |
| No. Stories | 1 |
| Year Built | 2023 |
| Zoning | GC |
Amenities
- Controlled Access
- Wheelchair Accessible
- Air Conditioning
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 087-350-05 | Improvements Assessment | $2,722,161 CAD |
| Land Assessment | $467,851 CAD | Total Assessment | $3,190,012 CAD |
Property Taxes
Parcel Number
087-350-05
Land Assessment
$467,851 CAD
Improvements Assessment
$2,722,161 CAD
Total Assessment
$3,190,012 CAD
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8805 Red Rock Rd - Red Rock Mega Storage
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