Marcus and Millichap has been selected to exclusively market for sale Master Storage (the 'Facility') located in Lemoore, CA. The Facility is offered at $8,000,000.
Master Storage represents a significant opportunity to acquire a Class 'A' Facility, in the highly desirable city of Lemoore, CA. The Facility was built in 2004. The property sits on 3.67 acres and is made up of twenty single-story buildings. It consists of 547 self-storage units on approximately 75,792 net rentable square feet.
The units range in size from 25 to 360 square feet. As of September 2018, the Facility is 91.4 percent occupied by units, 92.1 percent occupied by square feet and 91.3 percent economically occupied. Acquisition will benefit an investor with a cash-flowing facility that boasts both high physical and economic occupancies.
The Facility is clean, well-maintained and secured with perimeter fencing with access from an electronic gate. Entrance and exit for the property is controlled by an electronic keypad system. The Facility offers all drive-up units, each equipped with metal roll up doors. Each unit is individually alarmed and the property is under 24-hour surveillance for added security. The Facility features a leasing office with a security monitor display and a retail area for packing and moving supplies. In addition, there is large and well-maintained manager's residence.