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Self-Storage Facility

Storelocal Storage

1515 Sky Mountain Dr, Reno, NV 89523

Listing Price: Request For Offer

Number of Units
890
Occupancy
97.0%
Gross SF
125,000
Rentable SF
101,879
Year Built
1996

Investment Overview

Excellent Location // The facility is positioned within one mile of canyon shopping center, Walmart Supercenter, Home Depot, Safeway, Kohls and other retail centers. There are 57 apartment complexes with a total of 12,686 apartments in its 3-mile radius. Great Lease Up Momentum // . Storelocal Reno opened in June of 2018 and achieved 55% occupancy in less than six months. The property has maintained that momentum and is currently 92% occupied and exceeding both leasing and budget projections. Class “A” Conversion with Expansion // Full Conversion completed in 2018 with interior drive aisles, mezzanine units, and interior vehicle storage. The property has best in class construction, technology, and amenities. The owners are currently working with the city to approve a 54,849 net rentable square foot expansion. Strong Demographics // The three-mile population is currently 102,692 with 46,269 households, and an Average Household Income of $90,762. The property less than 10 minutes from University of Nevada Reno. Solar Power // In summer of 2020 a 492-kW rooftop solar array was installed. The solar energy should provide 93% of the electricity needed for the property. During the installation of the solar the roofing material was completely replaced.

Investment Highlights

  • Excellent Location, positioned within one mile of canyon shopping center, Walmart Supercenter, Home Depot, Safeway, Kohls, retail centers. 57 apartment complexes and 12,686 apartments in 3 miles.
  • Great Lease Up Momentum - Opened in June of 2018 and achieved 55% occupancy in less than six months. Currently 92% occupied and outperforming budget and leasing projections.
  • Class "A" Conversion completed in 2018 with interior drive aisles, mezzanine units, and interior vehicle storage. The property has best in class amenities.
  • Expansion - Owners are working to secure permits to expand the facility by 54,849 net rentable square feet.
  • Strong Demographics // The three-mile population is currently 102,692 with 46,269 households, and an Average Household Income of $90,762. The property less than 10 minutes from University of Nevada Reno.
  • Solar Power // In summer of 2020 a 492-kW rooftop solar array was installed. The solar energy should provide 93% of the electricity needed for the property. During the installation of the solar the roofing material was completely replaced.

Exclusively Listed By

  • Jordan Farrer

    Senior Associate

    (801) 736-2643

    Email Jordan

    License(s): UT: 9220604-SA00, NV: S.0192979, ID: SP54637

    Salt Lake City

Broker of Record

  • Justin Forman

    Regional Manager

    (702) 215-7150

    License(s) NV: B.1002463.CORP

    Nevada

Self-Storage Facility

Storelocal Storage

Listing Price: Request For Offer

Number of Units
890
Occupancy
97.0%
Gross SF
125,000
Rentable SF
101,879
Year Built
1996

Investment Highlights

  • Excellent Location, positioned within one mile of canyon shopping center, Walmart Supercenter, Home Depot, Safeway, Kohls, retail centers. 57 apartment complexes and 12,686 apartments in 3 miles.
  • Great Lease Up Momentum - Opened in June of 2018 and achieved 55% occupancy in less than six months. Currently 92% occupied and outperforming budget and leasing projections.
  • Class "A" Conversion completed in 2018 with interior drive aisles, mezzanine units, and interior vehicle storage. The property has best in class amenities.
  • Expansion - Owners are working to secure permits to expand the facility by 54,849 net rentable square feet.
  • Strong Demographics // The three-mile population is currently 102,692 with 46,269 households, and an Average Household Income of $90,762. The property less than 10 minutes from University of Nevada Reno.
  • Solar Power // In summer of 2020 a 492-kW rooftop solar array was installed. The solar energy should provide 93% of the electricity needed for the property. During the installation of the solar the roofing material was completely replaced.

Investment Overview

Excellent Location // The facility is positioned within one mile of canyon shopping center, Walmart Supercenter, Home Depot, Safeway, Kohls and other retail centers. There are 57 apartment complexes with a total of 12,686 apartments in its 3-mile radius. Great Lease Up Momentum // . Storelocal Reno opened in June of 2018 and achieved 55% occupancy in less than six months. The property has maintained that momentum and is currently 92% occupied and exceeding both leasing and budget projections. Class “A” Conversion with Expansion // Full Conversion completed in 2018 with interior drive aisles, mezzanine units, and interior vehicle storage. The property has best in class construction, technology, and amenities. The owners are currently working with the city to approve a 54,849 net rentable square foot expansion. Strong Demographics // The three-mile population is currently 102,692 with 46,269 households, and an Average Household Income of $90,762. The property less than 10 minutes from University of Nevada Reno. Solar Power // In summer of 2020 a 492-kW rooftop solar array was installed. The solar energy should provide 93% of the electricity needed for the property. During the installation of the solar the roofing material was completely replaced.

Exclusively Listed By

  • Jordan Farrer

    Senior Associate

    (801) 736-2643

    Email Jordan

    License(s): UT: 9220604-SA00, NV: S.0192979, ID: SP54637

    Salt Lake City

Broker of Record

  • Justin Forman

    Regional Manager

    (702) 215-7150

    License(s): NV: B.1002463.CORP

    Nevada

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