Investment Overview

Marcus & Millichap is pleased to present Z Best Storage located at 605 N Yosemite Ave in Oakdale, CA. The property is being offered at $950,000 at an in-place cap rate of 5.00%, $139/net rentable square foot. The property consists of 34 - 10x20 storage units rented at an average rate of $191 per month. This property is situated on a hard signalized corner on two of the main thoroughfares in town, North Yosemite Avenue & A Street, which boasts over 20,000 vehicles per day. In addition to the excellent location and visibility a new owner has the opportunity to raise rental rates at the facility as they are below market and the 10x20 units at most facilities in Oakdale have a waitlist. This facility has been well maintained by the current owners and provides a first-time storage investor the ability to run a historically high occupancy storage facility with minimal operating expenses. Sellers have recently installed a new gate, resealed the asphalt for the driveways, and changed the roof a few years back. The seller is also open to carrying the note for a purchaser at below-current interest rates. Please contact the agents for more information on the seller-carry terms and conditions.