Investment Overview

Offering Marcus & Millichap is pleased to offer for sale Ramada Storage and Commercial (the “Facility”) located in Paso Robles, CA. Paso Robles is located in San Luis Obispo County along the Central Coast of California. It is approximately 30 miles north of SLO County Regional Airport. Facility Description Ramada Storage offers 5 x 10 and 10 x 10 self-storage unit sizes. The Facility consists of 34 self-storage units plus 143 uncovered RV/vehicle parking spaces. The site is situated on 1 owned tax parcel of 3.82 acres plus an approximate ¾ acre adjacent leased lot. The Facility is located directly off Ramada Drive off Highway 101. It is situated in a commercial area with a mix of commercial, retail and light industrial properties. The Facility was built in 2000 and is second-generation family owned. The family has owned and managed it since 2000. The self-storage buildings were built on concrete slabs with all-metal framing, metal siding and partitions, metal roll-up doors and metal roofs. All buildings are single-story. The portable buildings are all-metal built on wood skids. The uncovered parking area is gravel and located in the center of the owned site. There are also approximately 23 uncovered spaces located on the adjacent leased lot. The leased lot has a separate entrance/gate and is gravel. Unit Sizes and Types The Facility offers the following: • Drive-Up Self-Storage Units: Sizes range from 5x5 and 10 x 10 • Open Vehicle Storage: Open parking areas ranging from 10 x 25 to 12 x 50 and available for vehicles of varying sizes. • Office: There is a 300 square foot stand-alone office. Self-storage units are standard, unheated units. Commercial Buildings There are two (2) commercial buildings comprising 4,550 SF located toward the rear of the site. Building A is approximately 1,350 square feet with office space and reception area updated in 2020. Building B is approximately 3,200 square feet of commercial space, office space, and storage which was built in 2020. Both buildings are occupied by a single commercial tenant who is under a lease until May 2027 and has occupied the space since 2021. The tenant is currently making upgrades to its space showing its long-term commitment to the property. Security Features The Facility is equipped with 24-hour digital video surveillance and electronic gate access requiring individual PIN codes. It is also secured with infrared beam. The security system has smartphone app access. Occupancy As of September 2025, self-storage was 77% occupied by units, 92% by square feet and 77% economically occupied. The parking area was 89% occupied by units, 89% by square feet and 89% economically occupied. Prospective Purchasers The Facility would appeal to every investor interested in owning a self-storage facility. Existing local self-storage owners could add a stabilized facility to an existing portfolio. The Facility would also appeal to an exchange or cross-product buyer who would be attracted to the stable cash flow and ease of management that storage provides. An owner of multifamily properties would be intrigued by an asset with similar operational characteristics. With the site mostly open land, adding more self-storage buildings is an option. Long-term redevelopment is also an attractive possibility.