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Marketing Description
The Hatcher Group of Marcus Millichap is pleased to exclusively offer for sale Storage Direct (Managed) located in Victorville, California. The facility consists of 392 climate-controlled units and 145 non-climate-controlled units totaling 73,150 net rentable square feet. This is a stabilized cash flowing facility that is currently 99% physically occupied. The property is fully fenced with an on-site management office, and 24-hour video surveillance.
The location of this facility benefits from a rapidly growing surrounding population. The population within five miles of the facility is 154,388, which represents a 90% increase since 2000. The population is expected to continue to grow another 4% over the next five years. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as, restaurants, retail stores, and schools. This offers the facility great street frontage and high daily traffic counts of around 3,000 cars per day off Mojave Drive and 7,700 cars per day off Amargosa Road.
Storage Direct (Managed) is being offered for $12,700,000 or $173.62 per rentable square foot.
Investment Highlights
- Class A Self Storage Facility
- 73,150 Net Rentable Square Feet
- 392 Climate Controlled Units
- 145 Non-Climate Controlled Units
- 99% Physically Occupied
- High Daily Traffic Counts: 3,000 Cars/Day off Mojave Drive and 7,700 Cars/Day off Amargosa Road
- Dense & Growing Population
- 154,388 People Living Within a Five-Mile Radius - Represents a 90% Increase Since 2000
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Contact Information
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Property Details
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Contacts
Listing removed on
BY:
Jacob Becher
•••.•••.7990
•••••.••cher@••••••••.com
Listing removed on
BY:
Brett Hatcher
•••.•••.9043
•••••.•••cher@•••••••••••••••.com
Listing removed on
BY:
Gabriel Coe
•••.•••.9041
•••••••.Coe@•••••••••••••••.com
Listing removed on
BY: Tasso Douglas
•••.•••.1818
•••••.•••glas@•••••••••••••••.com
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