This property is Off-Market

555 California Ave
Sand City, CA 93955 ·

21,897 SF · Industrial For Sale

N/A

Print

Do It Yourself Storage

Price N/A No. Stories 1
Building Size 21,897 SF Tenancy Multiple
Property Type Industrial Year Built 1977
Property Sub-type Self/Mini-Storage Facility Clear Ceiling Height 10 ft.
Property Use Type Investment Lot Size 1.15 AC
Cap Rate 7.39%
Listing ID: 16845623 Date Created: 09/22/2010 Last Updated: 06/06/2011

Description

Marcus & Millichap is pleased to offer a lender-owned self storage facility for sale located in Sand City, California. This offering provides a rare opportunity to acquire a stable, cash-flowing asset in a low sales velocity market. The facility is 21,897 net rentable square feet and contains 190 self storage units and two uncovered vehicle storage spaces. The improvements were constructed in 1976 and 1983, and are currently 75.9 percent physically occupied and 74.3 percent economically occupied as of August 31, 2010. There are eight single story buildings located at 555-575 California Avenue, and includes a rental office. There is a satellite location one block to the southeast at 655 Redwood Avenue that consists of two single story buildings.

These storage sites contain 1.15 acres of C-2 and MU-P zoned property located one tenth of a mile from Monterey Bay with exposure to California Highway 1. Sand City is located two miles northeast of Monterey, Pebble Beach and Carmel.

Highlights

  • Real Estate Owned (REO) Sale
  • Located Along Highway 1 Next to Monterey Bay
  • As of August 31, 2010, the Facility is 75.9 Percent Physically Occupied and 74.3 Percent Economically Occupied
  • Monterey Metropolitan Statistical Area (MSA) has 400,000 Residents
  • Facility is Located One Third Mile from Home Depot and Costco
  • Site is 1.15 Acres and Zoned C-2 and MU-P

Research

555 California Ave, Sand City, CA 93955 (Monterey County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Sand City Market Trends - Asking price index trends, sale price trends, asking rent trends

Joel Deis's Other Listings

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)