For Sale
$11,400,000

183 Austin RdManteca, CA 95336

High-growth area, premium office/storage complex.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Class A office and self-storage facility, built in 2022, presents a compelling investment opportunity. Located at 183 S Austin Rd, Manteca, CA 95336, this property boasts 49,490 square feet across 14 buildings on a 2.76-acre lot. The property features 373 units, all with drive-up access, and is currently 85% occupied. Modern amenities include an on-site management office and apartment, advanced security systems with motion detectors, and a prime location near major highways and new residential developments, including a 797-home Lennar community. The property benefits from high traffic visibility (16,871 vehicles daily on nearby Austin Road) and serves a population of 56,000+ within 3 miles and 104,000+ within 5 miles, with an average household income of $118,000. The asking price is $11,400,000, representing a current cap rate of 3.05% and a pro-forma cap rate of 6.57%. The Net Operating Income (NOI) is currently $347,358, with a pro-forma NOI of $749,385. The property is zoned for mini-warehouse use and offers significant upside potential due to below-market rents and strong growth in the area. Its proximity to Sacramento, San Francisco, and San Jose further enhances its long-term value. This is a rare opportunity to acquire a stabilized, high-performing asset in a rapidly expanding market. The property's strong performance, coupled with its strategic location and modern design, makes it an ideal investment for long-term growth and appreciation.

Highlights

  • New 2022 construction Class A office and self-storage facility.
  • 373 drive-up units with 85% occupancy.
  • Advanced security system with motion detectors.
  • Average household income of $118,000 within a 5-mile radius.
  • Located near a signalized intersection with high traffic counts (16,871 vehicles daily).
  • Adjacent to a new 797-home Lennar community.

Property Details for 183 Austin Rd

Property type
Office properties, Self storage facilities
Square Feet
49,490 SF
Class
A
Year Built
2022
Buildings
14
Stories
2
Lot Size (sq. ft)
120,226 SF
Units
373

Location Insight

City
Manteca
County
San Joaquin
State
California
Latitude
37.796497638077
Longitude
-121.17985903731
183 Austin Rd, Manteca, California

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183 Austin Rd
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