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14426 Skyway - Crown Storage - Magalia 45,600 SF Specialty Building Offered at $4,500,000 at a 6.58% Cap Rate in Magalia, CA 95954
Investment Highlights
- Strategic CRE Positioning: Limited competing storage supply in the immediate submarket.
- Solar array helps reduce utility expenses.
- Strong Residential Demand Base: Surrounded by single-family homes, manufactured housing parks, and rural residential parcels.
Executive Summary
14426 Skyway is an income-producing self-storage facility strategically located on Skyway, the dominant north-south arterial connecting Magalia, Paradise, and Chico. The property benefits from strong drive-by visibility, easy access, and a loyal customer base drawn from surrounding residential neighborhoods and the
broader ridge communities.
Demand Drivers:
High proportion of single-family homes, manufactured housing, and rural residential parcels, all of which correlate with elevated storage usage.
Ongoing rebuilding and contractor activity in the Paradise/Magalia region continues to support demand for contractor and household storage.
Strong need for overflow storage due to smaller lot sizes, limited garage capacity, and seasonal equipment storage typical of foothill communities.
Facility Features:
Professionally operated drive-up self-storage with secure perimeter fencing and controlled access.
Wide drive aisles suitable for trucks, trailers, and contractor vehicles.
Clean, well-maintained buildings consistent with Crown Storage's regional operating standards.
4.3-star rating with 56+ reviews, indicating strong customer satisfaction.
Access & Circulation:
Direct ingress/egress from Skyway with excellent maneuverability.
Central location within Magalia provides quick access for both local residents and ridge-area commuters.
Offered at a 6.58% CAP on current, the property offers a proforma CAP of 8.73% when a 10% rent increase and 90% economic occupancy is achieved.
broader ridge communities.
Demand Drivers:
High proportion of single-family homes, manufactured housing, and rural residential parcels, all of which correlate with elevated storage usage.
Ongoing rebuilding and contractor activity in the Paradise/Magalia region continues to support demand for contractor and household storage.
Strong need for overflow storage due to smaller lot sizes, limited garage capacity, and seasonal equipment storage typical of foothill communities.
Facility Features:
Professionally operated drive-up self-storage with secure perimeter fencing and controlled access.
Wide drive aisles suitable for trucks, trailers, and contractor vehicles.
Clean, well-maintained buildings consistent with Crown Storage's regional operating standards.
4.3-star rating with 56+ reviews, indicating strong customer satisfaction.
Access & Circulation:
Direct ingress/egress from Skyway with excellent maneuverability.
Central location within Magalia provides quick access for both local residents and ridge-area commuters.
Offered at a 6.58% CAP on current, the property offers a proforma CAP of 8.73% when a 10% rent increase and 90% economic occupancy is achieved.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$504,876
|
$11.07
|
| Other Income |
$49,819
|
$1.09
|
| Vacancy Loss |
$106,024
|
$2.33
|
| Effective Gross Income |
$448,671
|
$9.84
|
| Taxes |
$49,500
|
$1.09
|
| Operating Expenses |
$103,095
|
$2.26
|
| Total Expenses |
$152,595
|
$3.35
|
| Net Operating Income |
$296,076
|
$6.49
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $504,876 |
| Annual Per SF | $11.07 |
| Other Income | |
|---|---|
| Annual | $49,819 |
| Annual Per SF | $1.09 |
| Vacancy Loss | |
|---|---|
| Annual | $106,024 |
| Annual Per SF | $2.33 |
| Effective Gross Income | |
|---|---|
| Annual | $448,671 |
| Annual Per SF | $9.84 |
| Taxes | |
|---|---|
| Annual | $49,500 |
| Annual Per SF | $1.09 |
| Operating Expenses | |
|---|---|
| Annual | $103,095 |
| Annual Per SF | $2.26 |
| Total Expenses | |
|---|---|
| Annual | $152,595 |
| Annual Per SF | $3.35 |
| Net Operating Income | |
|---|---|
| Annual | $296,076 |
| Annual Per SF | $6.49 |
Property Facts
Amenities
- Property Manager on Site
- Signage
- Solar Panels
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 065-210-061-000 | Total Assessment | $1,748,860 |
| Land Assessment | $338,130 | Annual Taxes | $49,500 ($1.09/SF) |
| Improvements Assessment | $1,410,730 | Tax Year | 2025 |
Property Taxes
Parcel Number
065-210-061-000
Land Assessment
$338,130
Improvements Assessment
$1,410,730
Total Assessment
$1,748,860
Annual Taxes
$49,500 ($1.09/SF)
Tax Year
2025
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14426 Skyway - Crown Storage - Magalia
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