1470 Disc dr - Disc Drive Self Storage 71,080 SF Specialty Building Offered at $10,000,000 at a 5.66% Cap Rate in Sparks, NV 89436

Marcus & Millichap, as the exclusive listing agent, is pleased to present Disc Drive Self Storage for sale, the newest self-storage development in the Reno-Sparks metropolitan area. Just completed in 2025, the 71,080 net rentable square-foot facility is a modern, institutional-quality asset strategically positioned in the high-growth Sparks submarket.
The facility benefits from excellent visibility along Disc Drive and serves the surrounding residential neighborhoods of Spanish Springs, Sparks and Sun Valley, in addition to a growing base of small businesses. The site is located within a high-income submarket, with average household income of $130,746 in a 1-mile radius. With a full suite of best-in-class security and access features, drive-up convenience, and on-site management quarters, the property is designed to meet the needs of both residential and commercial tenants.
As a newly delivered project, Disc Drive Self Storage represents a compelling lease-up opportunity with strong upside potential. The facility is actively leasing with promotional rates, demonstrating early momentum toward stabilization. In addition, with this submarket having approximately eleven square-feet of storage per capita (in both the 3 and 5-mile radius , this facility serves a market that is far less saturated than some other parts of Reno & Sparks.
The entire Northern Nevada region has seen tremendous growth in recent years due to an influx of companies attracted by the business-friendly tax climate and regulations. The arrival of firms with an international presence in technology, manufacturing, distribution, medical, and other industries has given Northern Nevada a robust, diversified economy. Spanish Springs has benefited from this growth, with a massive amount of new residential apartments and single-family homes constructed nearby in recent years. For example, the population in a three-mile radius has grown by over 22% since 2010, and is projected to continue on a similar trajectory.
With land scarcity and rising development costs creating significant barriers to new supply, opportunities to acquire a newly built facility in this tightly held market are exceedingly difficult.
Offered at $10,000,000, or approximately $140 per rentable square foot, this is a rare opportunity to acquire a new facility with great fundamentals.