Investment Overview

Extra Space Storage is a stunning 568-unit self-storage facility located at 38491 Fremont Blvd in the thriving city of Fremont, California. Situated on a large parcel of land totaling 2.86 acres, the subject property was originally constructed in 1985 and has a net rentable area of approximately 49,922 square feet. The subject property consists of 568 units, with most having drive-up access for easy loading and unloading for customers. Additionally, tenants enjoy other state-of-the-art amenities such as controlled access gated entry, 24-hour closed circuit surveillance, and available moving supplies on-site. Investors can also benefit from a value-add opportunity with approved permits to rebuild the damaged portion of the property, increasing potential cash flow. Extra Space Storage is well-positioned in one of the most peaceful and tranquil cities in the Bay Area. The subject property provides convenient access to major transportation corridors including Interstate 880, Interstate 680, and the Dumbarton Bridge. The subject property presents a rare opportunity for an investor to acquire a well-situated storage facility in Central Fremont. Fremont has been the beneficiary of strong economic drivers from the local companies of Facebook, Tesla HQ, Western Digital, Lam Research, Boston Scientific, Excelitas Technologies, Solaria, Thermofisher Scientific, Arcsoft, and Seagate. The property has strong investment appeal driven by its locations in the heart of Fremont, the city's strong employment fundamentals, rapidly growing employment and housing demand, and value-add opportunity.