Mark 12:30-31 "And you shall love the Lord your God with all your heart, with all your soul, with all your mind, and with all your strength. This is the first commandment. And the second, like it, is this: You shall love your neighbor as yourself. There is no other commandment greater than these."
Calvary Realty is pleased to present this value add investment opportunity in the city of Los Angeles. This property consists of 10,474 square feet of storage and 2,940 of Retail space. There are 281 Storage Units, 24 Lockers, and 1 Retail Storefront Suite. The facility has frontage on the signalized intersection of Pacific Avenue and 6th Street and has a traffic count above 30,000 vehicles per day.
Plaza Storage is located within the San Pedro neighborhood and is currently undergoing a $100M renovation. The various redevelopments are scheduled for completion in 2020 and additional information can be obtained at http://developsanpedro.com/.
The property is in close proximity to the Port of Los Angeles, World Cruise Center, Los Angeles Harbor College, the 110 Freeway, and the Pacific Ocean.
Plaza Storage offers the potential investor below market rents, expansion opportunity, population density, and potential for redevelopment into higher and better use.
