2842 N Golden State Blvd
Madera, CA 93637
MADERA SELF STORAGE · Specialty Property For Sale · 25,370 SF

Performance Self Storage Group Inc. is pleased to present this excellent self storage investment opportunity in Madera CA. Madera Self Storage offers the self storage investor a fantastic opportunity to purchase a ground level stabilized facility situated along Highway 99 with excellent freeway visibility, upside and expansion potential. Note: current lease terms and conditions may differ from lessee to lessee. Please contact listing broker for details. Located at 2842 North Golden State Blvd., this single-story all metal drive-up facility consists of 25,370 net rentable square feet of storage demised into 262 units along with 67 open area parking spaces. The facility was 93% physically rented as of July 2018 with the occupancy trend consistently staying above 90%. This established facility has upside potential in adding additional units, reinstating the truck rental business and renting out the vacant residence on-site while also reducing on-site operational costs. Competing facilities in close proximity report occupancy in the 90% range and the area shows a net rentable square foot per capita of 4.65 (per Yardi); lower than the industry average of 6-7. The facility was built in approximately 1970 and construction of the single-story buildings is all metal with gravel drive aisles throughout. There is a large on-site office with two additional storage rooms and a mobile home residence that is currently vacant. The facility has a video surveillance, exterior LED lighting and on-site operations use Self Storage Manager software. Madera Self Storage is in the city of Madera situated on North Golden State Blvd. and is just north of one of the City’s major arterials (Schnoor Ave.) and adjacent to Highway 99. This strategic location along Highway 99 gives the facility incredible exposure to the thousands of daily drivers past the facility each day. The city of Madera is the county seat of Madera County and has experienced significant residential and economic growth over the past 20 years and doubling its geographical size. Just a short distance away are major retail anchors including Home Depot, Lowe’s and WalMart.