For Sale
$3,000,000

1881 Market StStockton, CA 95205

Prime CA Self Storage Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional self-storage development opportunity in Stockton, California, presents a compelling investment prospect. The fully entitled project boasts 84,605 net rentable square feet situated on a 5.7-acre lot. The facility will comprise 641 units, including 342 climate-controlled units, 241 non-climate-controlled units, and 58 spaces designated for RVs and boats. With an asking price of $3,000,000, the pro-forma NOI is projected at $1,233,489, resulting in an attractive pro-forma cap rate of 8.01%. The property's strategic location offers excellent street frontage and benefits from a high-density population

Highlights

  • Fully entitled self-storage development opportunity in Stockton, CA with significant upside potential.
  • 84,605 square feet of net rentable space.
  • 342 climate-controlled units, 241 non-climate-controlled units, and 58 RV/boat spaces.
  • Strong demographics: 256,286 residents within five miles, 130,845 within three miles.
  • Prime location with excellent street frontage.

Property Details for 1881 Market St

Property type
Self storage facilities
Lot Size (sq. ft)
248,292 SF
Units
641

Location Insight

City
Stockton
County
San Joaquin
State
California
Latitude
37.956058575984
Longitude
-121.26627087915
1881 Market St, Stockton, California

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1881 Market St
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