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29722892
29722903

2 Locations

BR
CA 01787727, CA 02023477
Calvary Realty
Listed by Calvary Realty
$1,850,000
123 days on market
Updated 31 days ago

Jasmine Street Storage & Industrial (Seller Financing)

Details
APN 189-054-007, 189-054-006
Property Type Industrial, Self Storage
Sub Type Warehouse
Square Footage 7,920
Net Rentable (SqFt) 7,920
Units 20
Cap Rate 4.29%
NOI $79,306
Occupancy 95%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 6.41%
Pro-Forma NOI $118,654
Price per SqFt $234
Broker Co-Op Yes
Year Built 1974
Year Renovated 1989
Buildings 2
Stories 1
Acreage 0.450
Zoning Light Industrial

Self-Storage, Flex, Industrial, Contractor Space

Marketing description

John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me".

JASMINE STREET STORAGE is located at 5870 Jasmine Street, Riverside, CA. This single-story structure was built in 1974 & 1989 out of concrete, metal, and wood. The facility consists of 7,920 rentable sq. ft. of enclosed storage divided into 20 units on 0.46 acres of land.

JASMINE STREET STORAGE is a great investment for a first-time storage buyer looking to get into the storage market. The size, price, and location make it an ideal starter property that can be self-managed and provide minimal risk. The property is 400 yards north of the Jurupa & Jasmine Street Intersection, which has a traffic count above 13,000 vehicles per day! The facility is currently 100% occupied in a market with high demand for self-storage space. The Large units at the property are highly sought after by contractors such as plumbers, electricians, mechanics, handymen, and construction workers. Due to the high occupancy and high demand for storage space in Riverside, there is potential to increase rents and further improve revenue.

JASMINE STREET STORAGE comes equipped with an On-Site Manager and is surrounded by a variety of commercial and residential developments. This asset has significant upside providing the potential investor with a "Value Add" investment opportunity.

SUITABLE FOR OWNER-USER Recent electrical and plumbing upgrades position this property as a strong owner-user opportunity. A business owner can operate out of one building while generating steady income from tenants in the other. This built-in rental revenue creates an additional income stream that can help offset operating expenses and reduce overhead, making it an efficient and strategic setup for an owner-operator looking to combine workspace and investment in one property.

Investment highlights

• Set Up for Owner-User

• Highly Desired Storage Market

• Dense Residential & Commercial Surroundings

• Rent Increase Upside

• Ease of Management

• Large Units Ideal for Contractors

• Great First Time Storage Investment

• High Historical Occupancy

• On-Site Management

• 12th Largest MSA in the Country

• 300K+ Residents Within 5 Mile Radius

• 11th Most Populous City in California

Listing Contacts

BR
CA 01787727, CA 02023477
Calvary Realty
Listed by Calvary Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,306.00
$6,608.83/mo

Valuation Metrics

0
DSCR
4.29%
Cap Rate
4.29%
ROI

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