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5920 CHERRY GLEN RD Vacaville CA 95688-9787

[Locked] • APN 0127040140

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Details
Property Type Self Storage
Lot SqFt 261,360
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code CG
Building Count 3
Opportunity Zone No
Mortgage Amount ******
Mortgage Term ******
Interest Rate ******
Mortgage Recording Date ******
Lender Name ******
Sold Price per Acre ******
Tax Year ******

Property History

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Sale Date
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Sold Price
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Buyer Borrower 1 Corp Indicator
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Buyer Borrower 1 Name
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Buyer Borrower 1 Ownership Rights Code
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Document Number
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Document Type
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Resale Flag
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Sales Price Code
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Seller 1 Corp Indicator
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Transaction Type
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Seller 1 Name
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Transfer Tax
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Sold By
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Sold To
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Property Type
Property Type
Self Storage
Marketing Description
The Lagoon Valley Self Storage Development Site offers investors the opportunity to acquire a shovel ready, fully entitled storage development site with approved plans in the highly sought after San Francisco Bay Area. Lagoon Valley Self Storage is slated to be a highly improved Class A storage project with 90,750 NRSF and 529 total units offering both climate controlled and drive up storage with and 1.100 square foot Office and 1,289 square foot apartment/on-site residence. Lagoon Valley Self Storage will be positioned along Interstate 80, which boasts traffic counts of 201,600 vehicles per day, and will benefit from 392 feet of freeway frontage.

Lagoon Valley Self Storage, Vacaville's only approved and/or actively proposed storage development site in the pipeline, will be local to Nut Tree Airport, Vacaville Commons Shopping Center, Vacaville Premium Outlets and just over a mile from Downtown Vacaville. Within a 5-mile radius of the site there are 33,895 employees and 3,394 businesses, making it a perfect storage site for the local workforce. Vacaville is a strategically located submarket that benefits from its midpoint location between two major Northern California metros, San Francisco and Sacramento. Offering many people who live within the region the opportunity to commute into San Francisco or Sacramento for work.

The Vacaville storage market boasts strong operational characteristics with market occupancies in the mid-90's, including the three most recent storage developments which all achieved economic stability within 18 months of opening for business. The strong demand for storage in Vacaville is poised to continue with 11,630 residential units currently in the development pipeline within a 5-mile radius of the Lagoon Valley Self Storage site.


Investment Highlights
  • Shovel Ready Self Storage Development Site: Fully Entitled Project in North San Francisco Bay Area (Grading & Encroachment Permits Pulled)
  • Booming Residential Development: Over 11,600 Residential Units in the Development Pipeline
  • Upward Trending Demographics: Average Household Income Growth 12.4% by 2026 & Projected Population Growth 4.3% by 2026
  • Great Visibility: Site has Over 390 Feet of Freeway Frontage along HWY 80 (201,600 VPD)
  • Strong Rent Growth: Submarket Rents Increased 4.8% Year Over Year since December 2020

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Listing removed on
 BY:
NW
Nick Walker
•••.•••.3223
••••.••lker@••••.com
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Comparable Properties

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Rental Market Overview

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Vacaville, CA median rent ********
***  ****** **** *** ******** ***
National median ********
Compare median rents across markets
Vacaville, CA (this market)
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Data provided byDwellsy IQ
*All information is deemed reliable but not guaranteed.
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