Offer Due Date: Monday, November 11th, 2024

Austin Road Self Storage

Manteca, CA

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Executive Summary

Summary

  • Price $11,400,000
  • Address 183 S Austin Rd, Manteca, CA 95336
  • Cap Rate 3.05%
  • Rentable Square Feet 48,650
  • Acreage 2.76
  • Number of Units 373
  • Number of Buildings 14
  • Year Built 2022
  • Traffic Count 16,871

John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me".

The Elite Storage Group of Calvary Realty is proud to present Austin Road Self Storage, a premium Class-A storage facility located at 183 S Austin Road in Manteca, California. Positioned within the growing Stockton-Lodi Metropolitan Statistical Area, this facility is strategically located near major highways and new residential developments, including a 797-home Lennar community. Built in 2022, the property spans 2.76 acres and offers 48,650 rentable square feet of storage space across 373 units, with a current physical occupancy of 85%. The modern construction features nine metal and steel buildings designed for optimal functionality and tenant convenience, with all units offering drive-up access.

Austin Road Self Storage includes advanced security features, such as motion detectors, providing a safe and secure environment for tenants. The facility also boasts an on-site management office and apartment, making it convenient for operations and customer service. With below-market rents and occupancy reaching 85% in less than two years, there is significant upside potential for investors to capitalize on continued growth. The average household income in the area is $118K, and the property benefits from high traffic visibility, with a count of 16,871 vehicles passing daily on nearby Austin Road.

This trophy property represents a strong investment opportunity in a rapidly expanding area. The facility's prime location, excellent build quality, and proximity to major urban centers like Sacramento, San Francisco, and San Jose make it a rare asset in the self-storage market. Priced at $11,400,000 with a cap rate of 3.05%, Austin Road Self Storage is well-positioned for long-term success and future appreciation.

Investment Highlights

Adjacent to New Lennar Housing Development (797 Homes)

Trophy Property Constructed in 2022

All Drive Up Units

Advanced Security System With Motion Detectors

Average Household Income of $118K

Household Income $30K Higher than State Average
75 Miles from Sacramento, San Francisco, & San Jose

Adjacent to Signalized Intersection

85% Occupancy in Less than 24 Months of Opening

Below Market Rents

3 Mile Population (56K+) | 5 Mile Population (104K+)

100 5-Star Reviews on Google

Location Map

Team

Ingla Robinson

Ingla Robinson

VP of Operations
Calvary Realty
CA License# 02099837
(909) 380-0073
TaMara Jones

TaMara Jones

Investment Advisor
Calvary Realty
CA License# 01779317
(310) 619-0244
Leanna Calderon
Leanna Calderon
Investment Advisor
Calvary Realty
CA License #01961036
(818) 599-0862