8585 ELK RIDGE WAY Elk Grove CA 95624-2200

The Hatcher Group of Marcus & Millichap is pleased to exclusively offer for sale IN Self Storage located at 8585 Elk Ridge Way in Elk Grove, California. The facility features 246 non-climate-controlled units, totaling 27,550 net rentable square feet. Additionally, there are 23 parking spaces available for rent. The facility was built in 1989 and is situated on 1.93 acres of land. The facility has maintained a physical occupancy of 90 percent and above for the past seven years and they currently have a high physical occupancy of 95 percent.

Elk Grove is a great submarket to be in as it is quickly growing and an affluent market of California. It is also just about 15 miles from the state capital, Sacramento. The opportunities to buy in Elk Grove are few and far between which makes this a great opportunity for a buyer. Within five miles of the facility, there is a population 239,790 people, which represents a 73.57% increase since 2000. The median household income and housing value are both above the national average. They also benefit from their location and being in a high traffic area with many popular restaurant food chains, retail stores, banks, post offices, car dealerships, and neighborhoods surrounding the facility.

IN Self Storage is being offered for $4,600,000 or $166.97 per rentable square foot.

• 27,550 Net Rentable Square Feet
• 246 Total Units | 23 Parking Spaces
• Lot Size: 1.93 Acres
• 95% Current Physical Occupancy
• Great Signage - Visible From State Route 99
• Excellent Location | High Traffic Counts:
• Approx. 26,000 Vehicles per Day on E Stockton Blvd
• Approx. 31,000 Vehicles per Day on Elk Grove Blvd
• Affluent & Rapidly Expanding Population: 3 Mile Population of 107,243
• 5 Mile Population of 239,790 | Represents a 73.57% Increase Since 2000