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34395241
34395242

28365 Cole Grade Rd, Valley Center, CA 92082 For Sale

BR
CA 01787727, CA 02023477
Calvary Realty
Listed by Calvary Realty
$5,450,000
5 days on market
Updated 2 days ago

Valley Center Storage Units

Details
APN 189-013-17-00
Property Type Office, Self Storage
Sub Type Traditional Office, RV Storage (+1)
Square Footage 41,640
Net Rentable (SqFt) 45,685
Units 234
Cap Rate 6.08%
NOI $331,286
Occupancy 82%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 7.42%
Pro-Forma NOI $404,315
Price per SqFt $131
Class B
Year Built 1991
Year Renovated 2020
Buildings 5
Stories 1
Acreage 3.070
Zoning M52
Parking Spaces 12 spaces
Parking per 1,000 SqFt 0.29
Investment Type Value Add

Value-Add | 6.08% CAP | 41,640 SqFt

Marketing description

Valley Center Storage Units presents a rare opportunity to acquire a well-located Self-Storage facility in San Diego County, one of the most desirable and supply-constrained storage markets in the United States. Located at 28365 Cole Grade Road in Valley Center, California, the property benefits from strong regional demographics and proximity to Escondido and the greater San Diego metropolitan area, home to more than 3.3 million residents.

Constructed in 1991, the facility sits on approximately 3.07 acres and consists of 5 buildings, various shipping containers, plus a management office. The property contains 36,600 enclosed square feet of self storage space divided into 190 units, 5,040 enclosed square feet of shipping containers divided into 32 units, and 4,045 square feet of parking storage divided into 12 spaces. This diversified unit mix allows the facility to serve a broad range of storage needs, including residential customers, small businesses, and vehicle owners.

Currently operating at 82% occupancy (Up 6% since Q4 of 2025), the property offers investors a clear opportunity to increase revenue through both occupancy growth and rental rate optimization. With improved marketing, management, and revenue management strategies, a new owner can capitalize on the existing demand within this highly desirable trade area. The property is also equipped with an on-site solar power system that helps reduce common area electrical expenses, providing additional operating efficiencies.

Offered at a reasonable price per rentable square foot, Valley Center Storage Units represents a compelling acquisition opportunity at an attractive basis relative to replacement cost and recent transactions throughout the San Diego County Self-Storage market!

Investment highlights

  • Prime San Diego County Location
  • Located in Desirable North San Diego County
  • Minutes from Escondido & Growing Valley Center
  • 3.3 Million Population Throughout the San Diego MSA
  • Strong Long-Term Population & Housing Growth
  • Institutional-quality investment market
  • 82% Occupancy with Additional Lease-Up Potential
  • Opportunity to Increase Below-Market Rates
  • Revenue Management Upside on Discounted Unit Types
  • Proven History of Approximately 95% Occupancy
  • Immediate NOI Growth Through Improvements
  • Recently Converted to QuikStor Software
  • Online Rentals & Modern Website Implemented
  • After-Hours Call Center (Pending)
  • Full Roof Replacement in 2020
  • Remote Management Ready
  • On-Site Solar Panels Help Reduce Utility Costs
  • 3.3M+ Population in San Diego MSA
  • Steady Population Growth
  • Strong Regional Demand
  • Growing Regional Economy
  • Traffic Exposure on Cole Grade & Valley Center Rd
  • High Barriers to Entry

Listing Contacts

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

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$331,286.00
$27,607.17/mo

Valuation Metrics

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DSCR
6.08%
Cap Rate
6.08%
ROI

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