Self Storage
Reno NV Entitled Self Storage Development
8805 N Red Rock Rd, Reno, NV 89508
Listing Price: $4,800,000
Investment Overview
Marcus & Millichap, serving as the exclusive listing agent, is pleased to present this fully entitled, permitted, and graded 6.44-acre lot, ideal for an additional 93,581 SF of self-storage.
Property is well 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.
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.
Reno NV Entitled Self Storage Development
Investment Highlights
- Seller has invested significant time & resources in the entitlement and permitting (paid for) processes. All necessary site work, utilities, and water retention/detention requirements have been met.
- The new developer will benefit from the existing owner's proactive management of water retention/detention requirements, ensuring that no land will be lost to these considerations.
- This parcel can be delivered with neighboring Red Rock Mega Storage (also listed by Marcus & Millichap) or as a separate transaction
- Well 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
Exclusively Listed By
Broker of Record
Listing Price: $4,800,000
Investment Highlights
- Seller has invested significant time & resources in the entitlement and permitting (paid for) processes. All necessary site work, utilities, and water retention/detention requirements have been met.
- The new developer will benefit from the existing owner's proactive management of water retention/detention requirements, ensuring that no land will be lost to these considerations.
- This parcel can be delivered with neighboring Red Rock Mega Storage (also listed by Marcus & Millichap) or as a separate transaction
- Well 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
Investment Overview
Marcus & Millichap, serving as the exclusive listing agent, is pleased to present this fully entitled, permitted, and graded 6.44-acre lot, ideal for an additional 93,581 SF of self-storage. Property is well 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. 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.
Exclusively Listed By
Broker of Record
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