StorQuest – Santa Maria, CA

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*Lead broker information is located within the offering memorandum. 

Deal Highlights

All Site Visits Must be Scheduled Through SkyView Advisors

• Opportunity to Lease-Up a Newly-Constructed Class-A Facility Located in the Center of California’s Central Coastline

• Acquisition Provides the Ability to Increase Rates by 12 Percent to Reach Market Levels

• Tremendous Lease-Up Velocity with 88 Percent Achieved Occupancy in Two Years, Indicating the Strength and Demand of the Market

• Asset is Located in a Healthy Market Boasting a Median Household Income of 79,156 in the One-Mile Radius Which Surpasses the National Average of 72,414

• High Percentage of Renter-Occupied Homes in the Three-Mile Radius at 53 Percent Compared to the National Average of 32 Percent

• Ability to Reduce Expenses Immediately to Reach Market Standards and Increase Net Operating Income

• Strong Visibility With Over 35,000 Vehicles Per Day on the Surrounding Roadways Near the Facility

Address

1400 Betteravia Rd, Santa Maria, CA, 93455

Price

TBD by Market

Pro Forma NOI

$1,213,334

Net Rentable Square Feet
104,240 NRSF
Lot Size

3.61

Unit Count
989
Year Built
2020
Status

Active

Engage With Us

100% of our firm’s time, effort, and energy are devoted to you and your goals as a seller. We guarantee that we will generate the highest price and best terms for your property that the market will bear at that moment in time.

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