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| Price: |
$ 900,000.00 USD |
| Listing Began: |
Feb 26-8:43 |
| Listing ID: |
424 |
| Posted by |
SSGcom |
| City: |
Lancaster |
| State: |
CA |
| Zip Code: |
93535 |
| Country: |
USA |
| Phone: |
(949) 724-4709 |
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A Mini Storage is located at 429 East Avenue L-8, Lancaster, California. The property was completed in May, 2006 and consists of approximately 10,500 net rentable square feet situated on approximately 1.0 acres of improved land demised into 149 storage units with an on-site manager's office. Additionally, the property has approximately 1.0 acres of land for expansion. The facility is currently in the lease-up phase and the seller's recently hired a professional management company to support in the lease-up via advertising and promotion the mini storage facility. The management company expects to reach stabilization by the second quarter of 2007
The storage buildings are constructed of metal with metal roofs. The driveways are asphalt with concrete drainage swales. The property is comprised of three single-story buildings including a separate on-site facility office. The facility has approximately one hundred sixty-five feet of frontage with signage exposure on East Avenue L-8 . The facility borders various industrial and commercials buildings and single family homes. Storage tenants enter the facility via an electronic gate with touch pad combination access. The storage facility has individual alarmed units, 24-hour video surveillance cameras and is open from 7am - 7pm. The City of Lancaster will be widening Avenue L-8 to a four lane road in the near future. The Seller will consider financing the property.
LAND COST WITH EXISTING STORAGE FACILITY - $11.35 Sq. Ft. The additional 1.0 acre (approximate) of unimproved land could be utilized for; (i.) expansion of the mini storage facility, (ii.) adding an RV / Vehicle parking center, or (iii.) relocating an existing business to the expansion acreage. Buyer needs to conduct its own analysis of possible uses.
Lancaster, California, is the eighth-largest city in Los Angeles County and is also the county' s fastest growing city. Lancaster is located just an hour north of the City of Los Angeles in Southern California' s Antelope Valley. It is separated from the Los Angeles Basin by the San Gabriel Mountain Range to the south and from Bakersfield and the San Joaquin Valley by the Tehachapi Mountain Range to the north. With ready access to three major interstate freeways, affordable housing and year-round clear, blue skies, the City of Lancaster has an estimated 134,000 residents.
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| Owner/Broker |
Listing Broker |
| Co-Broker? |
No |
| Owner Commission? |
N/A - I am the broker |
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