McKinley Village Self Storage

3700 MCKINLEY VILLAGE WAY, SACRAMENTO CA 95816

形容

Jones Lang LaSalle Americas (“JLL”) has been exclusively retained to facilitate the sale of Mckinley Village Self Storage, a Class A facility totaling 84,075 NRSF in Sacramento California. Since being delivered in 2022, the property has achieved 54.8% economic occupancy and77.6% physical occupancy, generating immediate cash flow with the potential for significant growth in occupancy. Additionally, current rental rates of per square foot present substantial opportunity to reach market rates of $2.00 per square foot through effective customer rental increases and move-in rate recovery. This combination of existing cash flow and clear revenue growth potential in an already strong Sacramento market creates a compelling investment opportunity.

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特性

ユニット数

645

賃貸可能面積

7,811 ㎡

竣工年

2022

稼働率

80.3%

入札終了日

2026/04/23

メディア

投資のハイライト

SIGNIFICANT REVENUE UPSIDE - There is significant opportunity to increase revenue through continued leasing of the 84,075 NRSF facility physically before implementing amore aggressive ECRI revenue management program to further improve revenue. A new owner will be able to achieve strong value-add returns by following a REIT-like business plan. The current market rate is $2.00PSF, paving the path for a new owner to catch up to the market with this Class-A facility. Once physically stabilized, a new owner should expect the property to reach an achieved rental rate well north of $2.00 PSF with an effective ECRI program.

AFFLUENT SURROUNDING DEMOGRAPHICS - With a population of over 168,278 people, the average household income is over $108,000 in a three-mile radius, which is well above the national average. The household income in a one-mile radius jumps to $170,000,illustrating that the immediate tenant base will provide an excellent track to achieve market rates of $2.00 ps.

RESILIENT AND DEFENSIVEASSET CLASS - The self storage asset class is not as sensitive to macroeconomic down turns as other real estate sectors and tends to perform better during periods of recession. Operators’ ability to adjust rents on a monthly basis provides flexibility and protection in shifting economic and interest rate environments. This can also provide an inflation hedge for operators. During and after the COVID outbreak in 2020, self storage outperformed once again with record high occupancy and rents. Self storage has also shown much more favorable trends when it comes to delinquency, outperforming other commercial property types during recession and into recovery. For these reasons and others, capital continues to gravitate toward self storage given its defensive cash flow profile and time-tested resilience across multiple down cycle.