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29791935
29791936

1655 Paul Bunyan Rd, Susanville, CA 96130

DK
CA CA 01917475, NV NV BS.0145425
Marcus & Millichap - Sacramento
Marcus & Millichap - Sacramento
Listed by Marcus & Millichap - Sacramento
$2,500,000
118 days on market
Updated 70 days ago
Opportunity zone

Bunyan Road Security Storage

Details
APN 105-030-044-000
Property Type Self Storage
Sub Type mini storage, self-storage (+1)
Square Footage 29,070
Net Rentable (SqFt) 29,070
Units 238
Cap Rate 5.55%
NOI $138,753
Occupancy 85%
Pro-Forma Cap Rate 7.09%
Pro-Forma NOI $177,363
Price per SqFt $86
Year Built 1996
Buildings 10
Stories 1
Acreage 2.160
Investment Type Stabilized
Ownership Fee Simple

Self Storage | 238 Units | $10,504/unit

Marketing description

Marcus & Millichap is pleased to present Bunyan Road Security Storage, a 29,070 square foot self-storage facility built in 1996 and located in Susanville, California. The property has been meticulously maintained and is in strong physical condition, providing a stable foundation for both immediate cash flow and future growth. Significant upside exists through the implementation of market-rate rental increases and improved occupancy, offering a clear path to enhanced returns. The property also features a fully remodeled two-bedroom, one-bathroom manager’s home and is staffed with an on-site manager. Recent renovations to the home include a new roof, exterior paint, deck, and updated interion and appliances.

Situated in Susanville and serving the surrounding rural communities of Lassen County, the facility benefits from limited new development, consistent local demand, and a stable tenant base driven by residential, military, and small business users. This asset is well positioned for an investor seeking durable operations, value-add potential, and long-term ownership.

DO NOT DISTURB MANAGER OR TENANTS. ALL TOURS MUST BE CONDUCTED THROUGH LISTING AGENTS.

Listing Contacts

DK
CA CA 01917475, NV NV BS.0145425
Marcus & Millichap - Sacramento
Marcus & Millichap - Sacramento
Listed by Marcus & Millichap - Sacramento

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$138,753.00
$11,562.75/mo

Valuation Metrics

0
DSCR
5.55%
Cap Rate
5.55%
ROI

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Additional Information

Name
Tony Solomon
License
01238010
Title
Broker of Record
Name
Daniel Kuchugurny
License
CA 01917475
Brokerage Phone
9167241312
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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