Ontario, CA Self Storage_Property for Sale
Ontario, CA Self Storage_Property for Sale

Ontario, CA Self Storage

1215 East Airport Drive, Ontario, CA, 91761, US

Description

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to offer qualified investors the opportunity to acquire Ontario, CA Self Storage (the “Property”), a REIT managed, recently renovated Class A self storage facility in Ontario, CA. The Property, consisting of 43,269 square feet, has 396 total units (including 11 current offline units) and is a fully non-climate-controlled facility. The two-story building was recently renovated in 2023 and is currently 89.1% occupied. The Property has value-add upside to convert 11 10x25 drive-up units to 32 individual units ranging from 5x5 to 10x15 in unit size. Converting these offline units to 32 units would increase monthly revenue by approximately $7,150 ($85,800 yearly revenue increase) with a one time cost of roughly $56,900. The Property, located in the well performing city of Ontario, California, is currently achieving $2.07 PSF in rents with great leasing velocity since renovating and has increased move-in rents by 37% since March 2025. The Property benefits from strong surrounding area demographics with approximately 48,570 households in the surrounding 3-mile radius. Within the 3-mile radius, the average household income tops $98,500 with an average population of more than 163,350. This offering provides investors with an excellent opportunity to acquire a well-located self storage facility with strong in-place cash flow and revenue upside through late-stage lease-up.

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Attributes

Building area net
4,020 m²
Year built
2023
Occupancy
69.3%

Media

Investment Highlights

  1. Cash Flowing Property with Revenue Upside
  2. Value-Add Opportunity with Converting Offline Units
  3. Affluent Surrounding Demographics
  4. Strong Revenue Momentum
  5. A Resilient & Defensive Asset Class
Ontario, CA Self Storage 4_Property for Sale
Ontario, CA Self Storage 4_Property for Sale

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Ontario, CA Self Storage (0 Properties)

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Last updated
5 Aug 2025