Self-Storage Facility

Casitas Self Storage

5386 N Ventura Ave, Ventura, CA 93001

Listing Price: $5,880,000

Cap Rate
5.25%
Number of Units
338
Occupancy
100.00%
Gross SF
31,039
Rentable SF
31,039
Price/Rentable SF
$189.44
Year Built
1985

Investment Overview

Casitas Self Storage is a family-owned business that was repurposed to self storage in 1997 that consists of 338 units apportioned across 31,039 square feet. The asset is located along the heavily traveled Highway 33 corridor between Ventura and Ojai, a prime California location. The storage units are a mix of traditional indoor metal construction as well as wood framed roll up door units. This multi-story facility offers motion lighting sensors placed strategically throughout the facility. Amenities include a 24-hour surveillance system, perimeter lighting, secured fencing with digital gate access, a commercial lift to access the second story, and an on-site managers apartment as well as a spacious leasing office. Recent improvements include driveway resurfacing, new entry gate, new roll up garage door with motor upgrade, fresh paint, industrial power washing of the entire facility, and replacement of the HVAC condenser in 2019. Casitas Self Storage has a long history of high occupancy in a tight rental market. Investment opportunities for this seasoned asset will come through revenue management of legacy tenants coupled with pushing towards current street rates.

Investment Highlights

  • Strategically Located Between Two Prime Markets – Ventura and Ojai, CA
  • Seasoned Facility with Upside
  • Tight Rental Market
  • Historically High Occupancy
  • Pride of Ownership – Family Owned
  • No Deferred Maintenance
  • Turnkey Asset

Exclusively Listed By

Self-Storage Facility

Casitas Self Storage

Listing Price: $5,880,000

Cap Rate
5.25%
Number of Units
338
Occupancy
100.00%
Gross SF
31,039
Rentable SF
31,039
Price/Rentable SF
$189.44
Year Built
1985

Investment Highlights

  • Strategically Located Between Two Prime Markets – Ventura and Ojai, CA
  • Seasoned Facility with Upside
  • Tight Rental Market
  • Historically High Occupancy
  • Pride of Ownership – Family Owned
  • No Deferred Maintenance
  • Turnkey Asset

Investment Overview

Casitas Self Storage is a family-owned business that was repurposed to self storage in 1997 that consists of 338 units apportioned across 31,039 square feet. The asset is located along the heavily traveled Highway 33 corridor between Ventura and Ojai, a prime California location. The storage units are a mix of traditional indoor metal construction as well as wood framed roll up door units. This multi-story facility offers motion lighting sensors placed strategically throughout the facility. Amenities include a 24-hour surveillance system, perimeter lighting, secured fencing with digital gate access, a commercial lift to access the second story, and an on-site managers apartment as well as a spacious leasing office. Recent improvements include driveway resurfacing, new entry gate, new roll up garage door with motor upgrade, fresh paint, industrial power washing of the entire facility, and replacement of the HVAC condenser in 2019. Casitas Self Storage has a long history of high occupancy in a tight rental market. Investment opportunities for this seasoned asset will come through revenue management of legacy tenants coupled with pushing towards current street rates.

Exclusively Listed By

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