Storage Corner Sunnyvale
Self Storage | 5.50% CAP | 109 Units
Marketing description
Storage Corner Sunnyvale is a well-located, infill self-storage facility in Sunnyvale, comprising 109 units across 11,651 net rentable square feet. Situated on approximately 0.51 acres (APN: 165-20-021), the property was originally constructed in 1985 and renovated in 2023. The asset is fully built out, featuring a single two-story building designed to maximize efficiency in a supply-constrained Silicon Valley market, with no additional expansion required.
The facility offers a strong mix of operational features and customer-focused amenities, including gated access with digital keypad entry, an on-site management office, and 24/7 video surveillance. In addition to traditional roll-up door units, the property benefits from a diverse unit mix with both drive-up and interior access options, lift access to upper levels, fire sprinkler systems, and convenient tenant features such as handcarts and dollies, online bill pay, and flexible leasing options. These features support a wide range of residential and commercial users while enhancing overall tenant convenience and retention.
Strategically positioned along West Evelyn Avenue, the property benefits from strong visibility and exposure to approximately 15,221 vehicles per day. The surrounding retail corridor is anchored by national tenants such as Target, Whole Foods Market, The Home Depot, and AMC Theatres, driving consistent consumer traffic and demand. The property serves a dense three-mile population of 215,315 residents and 86,617 households, supported by an average household income of $209,470 and projected population growth of 2.7 percent over the next five years. With approximately 4.41 net rentable square feet per capita, the market reflects constrained supply fundamentals, further reinforcing the asset's long-term investment appeal within one of the nation's most affluent and dynamic submarkets.
Investment highlights
- HIGH BARRIERS TO ENTRY // Rare opportunity to acquire a "jewel box" self-storage asset in the heart of Silicon Valley where limited land availability, strict zoning, and high replacement costs significantly restrict new development—preserving long-term value and minimizing future competition.
- EXCEPTIONAL STORAGE FUNDAMENTALS // Favorable market conditions with approximately 4.41 square feet per capita within a three-mile radius signal strong demand drivers and continued rent growth potential in this supply-constrained submarket.
- EXCELLENT VISIBILITY AND ACCESS // Positioned along West Evelyn Avenue with exposure to over 15,000 vehicles per day, the property benefits from strong visibility, consistent drive-by traffic, and convenient access for tenants in a dense residential corridor.
- STRONG DEMOS // Located in a dense infill Silicon Valley trade area with over 215K residents and 86K+ households within a three-mile radius, supported by average household incomes exceeding $200K—an ideal profile for sustained self-storage demand.
- STABILIZED CASH FLOW & HIGH OCCUPANCY WITH DAY-ONE INCOME // Operating at ~95 percent physical occupancy, the asset delivers immediate, durable cash flow while still offering meaningful revenue upside through improved pricing strategies and management.
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