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250 Tank Farm Rd
San Luis Obispo, CA 93406
1.22-1.84 Acres Improved Commercial Parcels · Land For Sale
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3.06 AC
Investment Highlights
- Shovel ready self-storage project
- 6 buildings, 935 units
- 111,758 SF gross / 87,725 SF rentable
Property Facts
| Property Type | Land | Proposed Use | |
| Property Subtype | Commercial | Total Lot Size | 3.06 AC |
| Zoning | CS - Fully entitled site in plan-check. To be delivered with building permits ready to pull at close. | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 3.06 AC |
| Zoning | CS - Fully entitled site in plan-check. To be delivered with building permits ready to pull at close. |
Description
• Fully entitled project currently in plan check with building permits to be completed within 75 days • Shovel ready project with lender term sheet available for qualified borrowers • $12,400,000 construction budget by Cubix Construction • Extra Space 3rd Party Management projections at $2,030,000 stabilized NOI • Storage 101 feasibility study showing average market occupancy at 99%+ and stabilized NOI at $2,513,046 • Average occupied rents $3.00/SF/month
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