Skip to main content

Self-Storage Facility

Cathedral City Storage Development

Date Palm Dr, Cathedral City, CA 92234

Listing Price: $5,100,000

Cap Rate
5.50%
Number of Units
495
Occupancy
90.0%
Gross SF
274,428
Rentable SF
125,102
Price/Rentable SF
$40.77
Year Built
2022

Investment Overview

FULLY ENTITLED & PERMIT READY // Current ownership have worked through the entitlement and permitting process with the City of Cathedral to deliver the parcel with Site Plan approval. Cathedral City’s planning committee is excited about this development. HIGH BARRIERS TO ENTRY // Cathedral City is committed to maintaining the “Palm Springs/ Palm Desert lifestyle” while approving strategic development opportunities for additional housing and commercial retail development to meet the demands of the growing population. This is one of only two parcels that have been approved for self storage development. TROPHY ASSET POTENTIAL // Located at the corner of two primary intersections and just off Interstate 10. The asset will be positioned with excellent visibility. Due to the number of vacation properties and “Snowbird” population, Cathedral City has above average usage rates with demand outpacing supply. CATHEDRAL CITY, CA // Cathedral City is in the heart of the Coachella Valley in eastern Riverside County, California. The city is bordered by Palm Springs to the west and Rancho Mirage to the east. Los Angeles and San Diego are each about 110 miles away. Cathedral City offers a rich cultural lifestyle partnered with a long list of outdoor activities including, golf, tennis, hiking. All of these options have contributed to 28 percent population growth.

Investment Highlights

  • Fully Entitled & Permit Ready
  • High Barriers to Entry
  • Trophy Asset Potential

Exclusively Listed By

Self-Storage Facility

Cathedral City Storage Development

Listing Price: $5,100,000

Cap Rate
5.50%
Number of Units
495
Occupancy
90.0%
Gross SF
274,428
Rentable SF
125,102
Price/Rentable SF
$40.77
Year Built
2022

Investment Highlights

  • Fully Entitled & Permit Ready
  • High Barriers to Entry
  • Trophy Asset Potential

Investment Overview

FULLY ENTITLED & PERMIT READY // Current ownership have worked through the entitlement and permitting process with the City of Cathedral to deliver the parcel with Site Plan approval. Cathedral City’s planning committee is excited about this development. HIGH BARRIERS TO ENTRY // Cathedral City is committed to maintaining the “Palm Springs/ Palm Desert lifestyle” while approving strategic development opportunities for additional housing and commercial retail development to meet the demands of the growing population. This is one of only two parcels that have been approved for self storage development. TROPHY ASSET POTENTIAL // Located at the corner of two primary intersections and just off Interstate 10. The asset will be positioned with excellent visibility. Due to the number of vacation properties and “Snowbird” population, Cathedral City has above average usage rates with demand outpacing supply. CATHEDRAL CITY, CA // Cathedral City is in the heart of the Coachella Valley in eastern Riverside County, California. The city is bordered by Palm Springs to the west and Rancho Mirage to the east. Los Angeles and San Diego are each about 110 miles away. Cathedral City offers a rich cultural lifestyle partnered with a long list of outdoor activities including, golf, tennis, hiking. All of these options have contributed to 28 percent population growth.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower