CORNER 3RD & MONTEREY ST - INDOOR SELF STORAGE FACILITY

FIRST TIME ON THE MARKET! Harvey's Lockup represents a rare opportunity to acquire a well-maintained self-storage facility in the thriving city of San Juan Bautista, California.
Acquisition of the asset will provide an investor with immediate cash-flow and a well-located self-storage facility with strong demographics. Additional upside can be attained through increasing rents to market rents as rental rates have increased steadily in the past few years.
The subject property was built in 1956 and more recently renovated in 2010. It consists of 176 total units of self-storage spaces, 1 RV space, and 2 Apartments. In addition, Harvey's Lockup sits on 0.85 Acre parcel of land and consists of three separate buildings with metal and steel framing. Harvey's Lockup has fire sprinklers thorough the facility and includes 24/7 surveillance, on-site dollies, handcarts, locks and electronic entrances with key code access.
The facility would appeal to every investor interested in owning a self-storage facility in the state of California. A local storage owner could benefit from spreading costs across a broader economic base. An exchange or cross-product buyer would be attracted to the stable cash flow and ease of management that storage provides. Lastly, a local apartment investor could diversify an investment portfolio and create cross-marketing opportunities between residential and storage properties.