Historical Industrial Sale Listing - Shurgard Storage Center

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Shurgard Storage Center

2468 Whipple Road, Hayward, CA 94544

N/A

47,613 SF | Industrial

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Industrial Property - Off Market

Price:
N/A
Building Size:
47,613 SF
Property Type:
Industrial
Property Sub-type:
Self/ Mini-Storage Facility
Property Use Type:
Investment
Cap Rate:
9%
No. Stories:
2
Tenancy:
Single
Year Built:
1983
Lot Size:
2.48 AC
Listing ID
13886841
Last Updated
over 1 year ago

Highlights

  • Institutional Quality
  • 90% Occupied
  • 446 Self Storage Units & 46 R.V. Spaces- Potential for Expansion
  • 47,613 square feet
  • 9.0% Cap Rate on Proforma
  • Excellent Location- just off of Highway 880 & next to Target

Description

Bancap Self Storage Group, Inc. is pleased to present this first class self storage investment opportunity in Hayward, California. Shurgard Storage Center offers an outstanding opportunity of a stabilized facility, strong market area and upside potential.

This investment is offered for $5,200,000 for the self storage facility. The facility is a 9.0% cap rate based upon the proforma income and expenses. The 9.0% cap rate would be achieved by raising the current occupancy as outlined in the Proforma Unit Mix & Income Schedule. The facility is currently 90% physically occupied as of February 2004.

The facility is offered to the investor $5,200,000 cash, cash to new financing.

Shurgard Storage Center is located at 2468 Whipple Road. This facility is in good condition. The property was built in 1983. The property currently consists of approximately 47,613 net rentable square feet of self storage space currently demised into 446 self storage units and 46 R.V. Spaces

The self storage facility is located in the City of Hayward on Whipple Road directly off of Highway 880. As of April 2000, the daily traffic count was at 33,700 cars per day and recently a Target store just opened up on the north side of Whipple Rd. The City of Hayward (population 144,304) is located in Alameda County just 26 miles north of San Jose and 14 miles south of Oakland at the heart of the Bay Area. Hayward is serviced by an extensive network of freeways, bus lines, two BART stations, an executive airport and has easy access to San Francisco, Oakland and San Jose. Hayward is the central hub of the Bay Area.

Construction of the two buildings are wood frame with an attractive stucco exterior above a concrete slab. The roof is a standing seam metal roof. The exterior doors are metal and the interior doors are wood swing.

Map of 2468 Whipple Road, Hayward, CA 94544

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Created 3/25/2004