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2961 Fruitridge Rd 35,310 SF Specialty Building Offered at $6,500,000 at a 4.97% Cap Rate in Sacramento, CA 95820
Investment Highlights
- 317 non-climate-controlled units
- High physical occupancy of 86%
- Undersaturated self-storage market: 6.66 NRSF per capita
- "Mom and Pop” owned and managed
- Significant upside by bringing below-market rents up to market rents
- Extremely dense population: 404,189 people within a five-mile radius
Executive Summary
The Colliers Self-Storage Team is pleased to exclusively offer an investment opportunity in Guardian Self Storage, located at 2961 Fruitridge Road, Sacramento, California. This self-storage facility provides investors with a rare opportunity to acquire a mom-and-pop self-managed, income-generating asset in a market with tremendous demographics and an irreplaceable location. With 317 units and 35,310 rentable square feet, the property is expected to generate a current projected NOI of $323,188. This is a stabilized, cash-flowing facility that is currently 86% physically occupied. The property features a keypad-gated entry, an on-site management office, and 24-hour video surveillance.
Property Facts
| Price | $6,500,000 | Building Class | C |
| Price Per SF | $184.08 | Lot Size | 1.00 AC |
| Sale Type | Investment | Building Size | 35,310 SF |
| Cap Rate | 4.97% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1976 |
| Property Subtype | Self-Storage | Parking Ratio | 0.34/1,000 SF |
| Zoning | C2, Sacramento - Commercial | ||
| Price | $6,500,000 |
| Price Per SF | $184.08 |
| Sale Type | Investment |
| Cap Rate | 4.97% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 35,310 SF |
| No. Stories | 1 |
| Year Built | 1976 |
| Parking Ratio | 0.34/1,000 SF |
| Zoning | C2, Sacramento - Commercial |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 019-0221-030 | Improvements Assessment | $2,237,374 |
| Land Assessment | $449,839 | Total Assessment | $2,687,213 |
Property Taxes
Parcel Number
019-0221-030
Land Assessment
$449,839
Improvements Assessment
$2,237,374
Total Assessment
$2,687,213
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