Performance Self Storage Group is pleased to present this excellent self storage investment opportunity located in part of the Greater Sacramento area on the border of North Highlands and Rio Linda. Tiger Self Storage offers the self storage investor a great opportunity to purchase a stabilized facility with multiple income streams and upside potential situated on over 11acres and surrounded by multiple residential communities and various retail centers.
Located at 2718 Q Street in Rio Linda, Tiger Self Storage consists of 119,995 net rentable square feet of self storage demised into 704 ground level traditional storage units and 106 cargo containers. In addition to the self storage units, the facility has 227 parking spaces of which 37 are covered. There are also 2 residential units that consist of a one-bedroom one-bath apartment above the manager’s two-bedroom one-bath unit and another two-bedroom one-bath house that has been rented since 2013. The facility is currently 87% physically rented as of December 2018 and other surrounding storage properties report occupancy in the 85% - 90% range. Upside exists in continuing to push current tenant rates up to the newly established board rates while also converting the parking spaces into additional storage units.
The information contained herein has been obtained from sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for inaccuracies. Any projections, assumptions, estimates or assumptions that are used in this marketing package are for example only and do not represent the current performance of the property. Property is sold as-is where-is.
