7965 State Highway 99W Gerber, CA 96035

This exceptional mixed-use investment property, located at 7965 State Hwy 99W in Gerber, CA (Tehama County, zip code 96035), presents a compelling value-add opportunity. The property, known as U-Lok Mini Storage, comprises six buildings totaling 18,912 square feet on a 4.47-acre lot (APN: 063-160-008-000, 063-160-026-000). Built in 1985 and 2002, with recent renovations in 2023 and 2024, the property features 124 units, offering exclusively drive-up access. The net rentable square footage is 18,538 square feet, currently boasting 79% occupancy. The property benefits from a prime location near Highway 5 and Old Highway 99W, situated between the Chico and Red Bluff metro areas. The asking price is $1,700,000, representing a price per square foot of $91.70 and a 4.19% cap rate, with a current NOI of $71,219. The property is zoned for general commercial use and offers a strong history of high occupancy and positive online reviews (4.6 stars on Google). U-Haul rental sales have shown significant growth, increasing fivefold in the second year of operation. This property is ideal for various investor profiles, including retirees seeking passive income or multifamily investors looking to diversify into the self-storage market. The lease type is modified, and the tenancy is multi. This is a 1031 exchange eligible property.