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12149 State Highway 99W - South Main Mini Storage Immeuble de 47 260 pi² • Spécialité • À vendre 4 117 964 $ CAD • Red Bluff, CA 96080
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FAITS SAILLANTS DE L'INVESTISSEMENT
- High Occupancy on Rentable Units (±94% Occ. on Rentable Units)
- Below Replacement Cost ($62 Per Rentable Square Foot)
- Positive Rent Growth (±16% T-12 Rent Growth in Red Bluff (Per StorTrack)
- Significant Upside (In-Place Rents are 36% Below Market)
- Well-Positioned Site (Visible from I-5 and Located on Highway 99W)
- Call listing brokers for more information
RÉSUMÉ DE L'ANNONCE
Northmarq’s Self Storage Advisory Group is pleased to present the exclusive opportunity to acquire South Main Mini Storage, a value-add self storage facility
located in Red Bluff, California, the county seat of Tehama County and a key hub along Interstate 5 in Northern California’s Sacramento Valley.
Visible from Interstate 5, the South Main Mini Storage benefits from excellent visibility, seeing nearly 30,000 vehicles per day, allowing the facility to capture
demand from both Red Bluff residents and surrounding communities. The facility consists of 294 storage units totaling approximately 47,260 net rentable square
feet, across 9 buildings on a large ±6.82-acre parcel. Unit sizes range from 5x8s to 12x40s, providing a diverse mix suitable for household, business, and vehicle
storage users.
Currently operating at 78% physical occupancy, the property presents a clear opportunity to improve performance through capital improvements and a targeted
lease-up. Rent analysis reveals that average in-place rents trail market levels by approximately 36%, with in-place rents averaging $0.70 per square foot
versus market rents of $0.96 per square foot. Larger units, in particular, are significantly underpriced, with upside supported by historical leasing data and local
competitor surveys.
Offered well below replacement cost at $62 per foot, South Main Mini Storage is a compelling investment opportunity for private capital, exchange buyers, and
regional operators seeking stabilized yield and value creation in a secondary California market.
FOR MORE INFORMATION, PLEASE REACH OUT TO THE BROKER:
Marcus de la Pena
C 925.817.9611
E mdelapena@northmarq.com
CA LIC #02108641
OR LIC #201250055
NV LIC #S.0202104
located in Red Bluff, California, the county seat of Tehama County and a key hub along Interstate 5 in Northern California’s Sacramento Valley.
Visible from Interstate 5, the South Main Mini Storage benefits from excellent visibility, seeing nearly 30,000 vehicles per day, allowing the facility to capture
demand from both Red Bluff residents and surrounding communities. The facility consists of 294 storage units totaling approximately 47,260 net rentable square
feet, across 9 buildings on a large ±6.82-acre parcel. Unit sizes range from 5x8s to 12x40s, providing a diverse mix suitable for household, business, and vehicle
storage users.
Currently operating at 78% physical occupancy, the property presents a clear opportunity to improve performance through capital improvements and a targeted
lease-up. Rent analysis reveals that average in-place rents trail market levels by approximately 36%, with in-place rents averaging $0.70 per square foot
versus market rents of $0.96 per square foot. Larger units, in particular, are significantly underpriced, with upside supported by historical leasing data and local
competitor surveys.
Offered well below replacement cost at $62 per foot, South Main Mini Storage is a compelling investment opportunity for private capital, exchange buyers, and
regional operators seeking stabilized yield and value creation in a secondary California market.
FOR MORE INFORMATION, PLEASE REACH OUT TO THE BROKER:
Marcus de la Pena
C 925.817.9611
E mdelapena@northmarq.com
CA LIC #02108641
OR LIC #201250055
NV LIC #S.0202104
FAITS SUR LA PROPRIÉTÉ
| Prix | 4 117 964 $ CAD | Classe d’immeuble | B |
| Prix par pi² | 87,13 $ CAD | Taille du lot | 6,82 AC |
| Type de vente | Investissement | Taille du bâtiment | 47 260 pi² |
| Type de propriété | Spécialité | Nombre d’étages | 1 |
| Sous-type de propriété | Entreposage libre-service | Année de construction | 1990 |
| Zonage | Mini Warehouse - Usage mixte commercial | ||
| Prix | 4 117 964 $ CAD |
| Prix par pi² | 87,13 $ CAD |
| Type de vente | Investissement |
| Type de propriété | Spécialité |
| Sous-type de propriété | Entreposage libre-service |
| Classe d’immeuble | B |
| Taille du lot | 6,82 AC |
| Taille du bâtiment | 47 260 pi² |
| Nombre d’étages | 1 |
| Année de construction | 1990 |
| Zonage | Mini Warehouse - Usage mixte commercial |
COMMODITÉS
- Agents de sécurité sur place
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Impôts fonciers
| Numéro de lot | 035-070-082-000 | Évaluation des bâtiments | 3 968 983 $ CAD |
| Évaluation du terrain | 818 811 $ CAD | Évaluation totale | 4 787 794 $ CAD |
Impôts fonciers
Numéro de lot
035-070-082-000
Évaluation du terrain
818 811 $ CAD
Évaluation des bâtiments
3 968 983 $ CAD
Évaluation totale
4 787 794 $ CAD
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12149 State Highway 99W - South Main Mini Storage
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