West Coast Self Storage Portfolio

West Coast Self Storage Portfolio2020-11-12T17:31:48-05:00

Project Description

The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market for sale the West Coast Self Storage Portfolio in core locations of the Los Angeles, San Francisco, and Seattle Metropolitan Areas.

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Total NRSF – 277,880 NRSF

Multiple MSAs
Core Los Angeles / San Francisco / Seattle Locations

The West Coast Self Storage Portfolio is comprised of four new, best-in-market Class A facilities, totaling 3,083 units and over 277,880 rentable square feet. The Portfolio has locations in three prime California MSA’s (Los Angeles, Orange County and San Francisco Bay Area) and one thriving district of the Seattle Metro Area. The West Coast Self Storage Portfolio represents an extremely rare opportunity to acquire a portfolio of institutional quality assets located in three of the largest metropolitan areas in the United States. Each site offers exceptional population densities, high average household incomes and excellent supply/demand characteristics.

Each location within the portfolio offers highly visible, easily accessible locations on major thoroughfares. Inglewood is situated in the heart of the central Los Angeles Metro Area. There are in excess of 286,000 people within three miles and less than 5 SF per capita with no competitors within one mile of the site. Buena Park is in the central Orange County Metro Area along the 91 Freeway corridor. The offers visibility to over 290,000 cars per day from the 91 Freeway and Knott Avenue. There are in excess of 230,000 people within 3 miles with average incomes exceeding $98,000. Hayward is in the East Bay area of the dynamic, high-growth San Francisco Metro Area. The project is located on West A Street just off the Interstate 880 and has visibility to over 39,000 cars per day. The three-mile population exceeds 233,000 people with average incomes over $99,700. Shoreline is located just north of downtown Seattle in one of the area’s fastest growing districts with more than 4,300 multi-family units completed or under construction with three miles of the subject. The site is located on Aurora Avenue a major thoroughfare with over 34,000 cars per day. Average household incomes within three miles exceed $106,000.

The West Coast Self Storage Portfolio provides an exceptional opportunity to acquire four, best-in-class storage assets in four of the largest and most desirable metropolitan areas in the United States. Each site offers premium construction, state-of-the-art amenities and unrivaled demographics to comprise the ideal portfolio investment. Furthermore, the portfolio offers the rare opportunity to capitalize on extremely high barrier to entry markets with limited new supply in the pipeline allowing for very strong rental rate growth and long-term cash flow and capital appreciation.
Investment Highlights:

  • Core Locations in Four of the Nation’s Largest & Most Desirable Metro Areas
  • Best in Class, Newly Completed Facilities
  • Very High Barrier to Entry Markets with Limited New Supply
  • High Exposure Locations on Major Traffic Corridors with Strong Traffic Counts
  • Excellent Demographics, Three-Mile Population Averages in Excess of 217,000 Individuals with Average Incomes Exceeding $95,000
  • Extremely Rare Opportunity to Acquire a Foothold in the West Coast Market and/or Expand Existing Footprint
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