Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present Stagecoach Storage. Strategically situated along Highway 50 E, the opportunity offers a qualified investor a cash-flowing facility boasting high, year-round occupancy with significant upside potential to increase revenue through raising rates and implementing modern advertising and management software. Constructed between 2002 and 2018, the owner-operated facility resides on 7.21 acres, comprised of 52,470 net rentable feet among 9 buildings and 298 total units, which also includes one leasing office and an on-site manager's residence. The facility has consistently high physical occupancy throughout the year with many tenants coming from nearby Reno, Carson City, Lake Tahoe, and a significant amount even renting from out of State. The facility is a compelling value-add opportunity for a new investor with a year one pro-forma cap rate of 6.90%, respectively, by bringing up the current rents to market rates. The facility has direct access and visibility from Highway 50. To its east, the property is less than 7 miles from Silver Springs Airport and 18 miles to Reno Tahoe Industrial Center. The center is known as the largest industrial center in the world and is home to Tesla, Switch Digital, Blockchain, Google, Apple, and many other notable Fortune 500 companies. Carson City, NV is less than 30 minutes west of the property, Known as the Silver State, Nevada provides an ideal climate for business-friendly policies and scenic sites, prompting a steady migration throughout the years. Between 2010 and 2020, the U.S. Census Bureau reported that the state witnessed the fifth-highest percentage of population growth. The population grew 15 percent from 2010 to 2020, eclipsing more than 3.1 million new residents. Stagecoach Storage is being offered for $4,500,000. Please contact the broker directly for more information. Please do not disturb the tenants or manager.