3311 Q St
North Highlands, CA 95660
Specialty Property For Sale · 57,488 SF

The Mele Group of Marcus & Millichap is pleased to offer an excellent opportunity to acquire a self-storage facility in North Highlands, California, part of the Sacramento-Arden-Arcade-Roseville Metro Area. The Sacramento Self-Storage Opportunity is located in North Highlands, California, a component of the Greater Sacramento Area. The subject is situated in a major residential corridor and offers convenient ingress and egress to and from the property. The subject boasts superior management compared to the competitors in the region and offers an abundance of portable units to cater to the consumer. The subject boasts five and seven year leveraged IRRs of 28.6 percent and 24.8 percent, while also offering significant upside with projected cash-on-cash returns of 13.1 percent and 14.1 percent in years one and two. The facility is sustaining economic and physical occupancies of 83.2 and 81.2 percent, offering an investor the opportunity to profit through the continuation of lease-up activity. Marketing efforts and expenses are currently low, presenting a significant opportunity to increase advertising to lease-up the site. Consisting of 57,488 net rentable square feet on 2.83 acres, the facility maintains 367 non-climate-controlled units ranging from 64 square feet to 384 square feet. The property is secured with 24/7 video surveillance, gating, keypad entry and fencing. The subject is also well-maintained with management's strong emphasis cleanliness for efficient branding and service. The subject boasts a spacious office and ample aisle space for easy access to each unit. The property maintains an on-site manager’s apartment comprised of two bedrooms and one bathroom. Management utilizes an updated website that details the property and addresses several frequently asked inquiries by consumers. Conveniently situated on Q Street in North Highlands, the Sacramento Self-Storage Opportunity is approximately five miles from Interstate 80 and within one mile of several large residential communities. Interstate 80 demonstrates traffic counts of over 195,000 vehicles per day, and over 37,000 vehicles per day on Watt Avenue. Watt Avenue is 0.5 miles from the subject and serves as a primary thoroughfare for the community. The facility has excellent visibility from Q Street, which intersects with Watt Avenue. The vicinity highlights a great blend of residential homes and both local and nationally-recognized retailers. North Highlands is a rapidly-growing community approximately 12 miles from downtown Sacramento, the state capital of California. Individuals migrate to the area due to the community’s suburban lifestyle, amount of family-friendly amenities and well-regarded schools, paired with a low crime rate and the ease of commuting to Sacramento through convienent highway access. North Highlands allows its residents to enjoy the benefits of being within close proximity to downtown with access to quality jobs while enjoying a tranquil suburban lifestyle. North Highlands features housing that is appealing to millennials who work in Sacramento due to the affordability and higher quality of life offered in the area. Among many publications, Forbes predicts that San Francisco’s booming tech industry will continue span all the way to Sacramento, which has brought California’s capital into the national spotlight. Furthermore, North Highlands will continue to benefit from the rising population count of Sacramento.