Self-Storage Facility
Red Rock Mega Storage
8805 N Red Rock Rd, Reno, NV 89508
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap, serving as the exclusive listing agent, is pleased to present Red Rock Mega Storage. Strategically positioned near Interstate 395 in Reno's rapidly expanding residential and employment hub, this institutional-grade, climate-controlled & drive-up facility has been meticulously managed by its developer-owner since its establishment in 2022.
Located at a signalized intersection on Red Rock Road/Moya Boulevard, the property is adjacent to a newly completed, 291-unit Class A apartment community, enhancing its appeal and convenience.
Spanning 5.44 acres, Red Rock Mega Storage comprises four buildings totaling 81,800 net rentable square feet, offering 220 units with a modern leasing office and high end finishes. These units are notably larger than traditional mini storage properties, averaging 376 square feet, and cater to diverse needs including business, commercial, and RV storage with both drive-up and climate-controlled options. Additionally, another 15,000 net rentable square feet can also be added to the existing 81,800 net rentable square feet for a total of 96,500 SF (approx.).
Adjacent to the property is a fully entitled, permitted, and graded 6.44-acre lot, ideal for an additional 93,581 SF of self-storage or different development options can also be explored. This parcel can be delivered with Red Rock Mega Storage or as a separate transaction. This is a shovel ready, phase II.
The surrounding area is witnessing significant residential growth, projected to add at least 5,000 new residents by 2028 within a 3 to 5-mile radius. This surge in demand, coupled with limited recent self-storage transactions in the Reno-Sparks market, underscores the rarity and value of this investment opportunity. Moreover, escalating land and development costs in Reno have made securing prime self-storage sites increasingly challenging, as storage developers contend with competition from residential, retail, and office/industrial projects.
To maintain smooth operations, we kindly request all inquiries to be directed exclusively through the listing agent, respecting the privacy of the manager and tenants.
Red Rock Mega Storage
Investment Highlights
- Class A, drive-up and climate controlled facility with a modern leasing office and fully secured with cameras and gated entry/exit.
- Adjacent 6.44 acre lot is fully entitled, permitted, and graded for more traditional mini storage units. This lot is available together with the subject property or as a separate transaction.
- Property is strategically located less than 0.3 miles from Interstate 395 (50,000+ VPD).
- Another 15,000 SF can be added to the existing 81,800 nrsf at this facility
Exclusively Listed By
Broker of Record
Listing Price: Request For Offer
Investment Highlights
- Class A, drive-up and climate controlled facility with a modern leasing office and fully secured with cameras and gated entry/exit.
- Adjacent 6.44 acre lot is fully entitled, permitted, and graded for more traditional mini storage units. This lot is available together with the subject property or as a separate transaction.
- Property is strategically located less than 0.3 miles from Interstate 395 (50,000+ VPD).
- Another 15,000 SF can be added to the existing 81,800 nrsf at this facility
Investment Overview
Marcus & Millichap, serving as the exclusive listing agent, is pleased to present Red Rock Mega Storage. Strategically positioned near Interstate 395 in Reno's rapidly expanding residential and employment hub, this institutional-grade, climate-controlled & drive-up facility has been meticulously managed by its developer-owner since its establishment in 2022. Located at a signalized intersection on Red Rock Road/Moya Boulevard, the property is adjacent to a newly completed, 291-unit Class A apartment community, enhancing its appeal and convenience. Spanning 5.44 acres, Red Rock Mega Storage comprises four buildings totaling 81,800 net rentable square feet, offering 220 units with a modern leasing office and high end finishes. These units are notably larger than traditional mini storage properties, averaging 376 square feet, and cater to diverse needs including business, commercial, and RV storage with both drive-up and climate-controlled options. Additionally, another 15,000 net rentable square feet can also be added to the existing 81,800 net rentable square feet for a total of 96,500 SF (approx.). Adjacent to the property is a fully entitled, permitted, and graded 6.44-acre lot, ideal for an additional 93,581 SF of self-storage or different development options can also be explored. This parcel can be delivered with Red Rock Mega Storage or as a separate transaction. This is a shovel ready, phase II. The surrounding area is witnessing significant residential growth, projected to add at least 5,000 new residents by 2028 within a 3 to 5-mile radius. This surge in demand, coupled with limited recent self-storage transactions in the Reno-Sparks market, underscores the rarity and value of this investment opportunity. Moreover, escalating land and development costs in Reno have made securing prime self-storage sites increasingly challenging, as storage developers contend with competition from residential, retail, and office/industrial projects. To maintain smooth operations, we kindly request all inquiries to be directed exclusively through the listing agent, respecting the privacy of the manager and tenants.
Exclusively Listed By
Broker of Record
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