

4050 Foxen Canyon Rd.
Indoor/ Outdoor Self Storage Investment in Growing Market
Marketing description
4050 Foxen Canyon Rd, Santa Maria, CA is a 4.07-acre storage facility has 44 “inside” rentable units in four buildings and 100 “outside” RV, boat, and auto storage spaces. Large roll up doors secure all the enclosed units. The property is partially fenced with keypad, gated entrance, on-site management office, and 24-hour video surveillance.
Building 1 hosts an 800 SF office and 3,800 SF of rentable space with units measuring 10’x20’ and 20’x20’. Building 2 is approximately 6,400 SF with unit size ranging from 10x20 to 15x15 to 25x40 with multiple options in between. Building 3 boasts a 4,000 SF space split into two units, each 50’ in depth. And Building 4, known as the Pole Barn, has Phase 3 electricity, and is 6,400 SF with units that are 50’ in depth. The structures show signs of deferred maintenance and are in need of repair. Most of the lot is flat and usable and is serviced with electricity, septic tanks, a well, and 50,000-gallon water storage tank.
Investment highlights
This asset presents multiple opportunities for buyers to enhance its value:
• Efficient Operation: Increase existing rents to market and increase occupancy to maximize revenue.
• Enhanced Accessibility: Implement improvements to accessibility.
• Tenant Protections: Implement improvements for tenant safety.
• Diversify Unit Sizes: Expand unit offerings.
• Strengthen Online Presence: Optimize online booking capabilities.
• Value-Added Services: Explore partnerships with local moving companies, moving assistance for tenants, RV-specific services such as maintenance packages and on-site washing and detailing, dump stations.
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