Marcus and Millichap has been selected to exclusively market for sale Master Storage (the 'Facility') located in Madera, CA. The Facility is offered at $12,000,000.
Master Storage is an institutional quality facility located in the city of Madera, CA. The Facility is situated on 4.92 Acres acres and is comprised of nine-one story buildings.
The 91,992 net rentable square foot facility consists of 815 self-storage units that includes 63 interior hallway climate controlled units, 45 wine storage lockers and 24 storage lockers. Master Storage offers various amenities including being fully enclosed with key code access, 24-hour video surveillance cameras, individually alarmed units and conference rooms.
The offering is a Certificate of Occupancy opportunity with an expected completion in January 2019.
The Facility is strategically located along Highway 99 and in a high-density residential neighborhood with newly constructed homes and large apartment complexes. With great visibility and signage, the property receives approximately 62,000 vehicles passing by the facility on a daily basis. The surrounding area has excellent demographics with a population of 80,204 within a 5-mile radius with an average household income of over $56,072.