Two Property Self Storage Portfolio In California For Sale - Business for Sale
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Two-Property Self Storage Portfolio in San Bernardino, CA
San Bernardino, CA, US
Added 2 months ago
Moving, Storage, & Delivery
5 years in business
This listing is for a two-property self storage portfolio located in the Riverside San Bernardino metropolitan area of California, consisting of 14 single story buildings with storage and vehicle parking facilities.
Key Information
Asking
$7.0M
Revenue
–
Earnings
$419K
Multiple
16.6x
Key Highlights
- Portfolio consists of 2 self storage properties within walking distance of each other
- Located in the Riverside San Bernardino metropolitan area with a population over 4.7 million
- Total of approximately 59,565 net rentable square feet across 14 single story buildings
- Situated on approximately 7.08 acres
- Current physical occupancy is approximately 67%
- In place cap rate of approximately 6.03%
- Potential cap rate upside to nearly 9.6% through lease up, rent optimization, and expansion
- Seller willing to finance in a first lien position
- Years established: 5
Contact Info
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