Project Description
Cushman & Wakefield has been selected to exclusively market the sale of the Whittier Self Storage Opportunity.
SOLD
NRSF – 43,383
Take advantage of the opportunity to acquire a self-storage facility in the affluent and densely populated Southern California market. The sprawling Los Angeles metropolitan area is home to over 13 million residents. Nestled between Los Angeles and Orange County lies Whittier—a safe, vibrant suburb with a median household income of $77,270. The project has in excess of 157,000 people within 3 miles and 442,000 within 5 miles.
Located just off Whittier Boulevard in a commercial area, this self-storage facility is located near Whittier High School. Completed in 1985, the 43,383 square-foot, modern structure hosts 478 small, medium, and large self-storage units ranging from 20 up to 300 square feet. The facility offers convenient drive-up access and personal belongings are protected by a security gate and 24/7 security camera monitoring.
All told the Whittier Self-Storage Opportunity allows a savvy investor to acquire a stabilized asset with a tremendous value-add opportunity in a densely populated, high income trade area in the Los Angeles metro area.
Investment Highlights:
- Located in Whittier; an LA suburb with a median household income of $77,720.
- Tremendous upside in rental rates and econ occupancy.
- Well-maintained facility completed in 1985.
- The 43,383 square-foot facility is equipped with 478 units.
- Facility is protected by a security gate and 24/7 video recording.
- Physical occupancy is 96.0% / 95.4% while economic occupancy is currently 58.2%.