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2250 Gravenstein hwy S
Sebastopol, CA 95472
Sebastopol self storage development · Land For Sale
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5.91 AC
Property Facts
| Property Type | Land | Proposed Use | Self Storage |
| Property Subtype | Industrial | Total Lot Size | 5.91 AC |
| Zoning | LC | ||
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | Self Storage |
| Total Lot Size | 5.91 AC |
| Zoning | LC |
Description
Sebastopol Self-Storage development is an opportunity to build a new self-storage project within Sebastapol an unincorporated area with the County of Sonoma, California MSA. With approximately 9.58 square feet of supply per capita within the 5-mile radius and very limited supply within the 3-mile radius, this is an opportunity to build a new, ground-up self-storage project in Sonoma County. In communications with the county planning department, self-storage is an approved use subject to design review approval. The site, at 5.91 acres is adequate to support a facility of the developers desired scale. Based on a proposed design with just over 88,000 NRSF year 4 stabilized NOI is estimated at $1,390,000, offering an implied value of $25,000,000 (5.5% CAP rate). Total cost to buy and build estimated at $14,500,000.
Property Taxes
| Parcel Number | 063-052-012 | Improvements Assessment | $0 |
| Land Assessment | $62,467 | Total Assessment | $62,467 |
Property Taxes
