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VICTORVILLE STORAGE DEVELOPMENT
Mojave Drive, Victorville, CA 92394
John 3:16
Brandon M. RobinsonPresident & Broker
155 W. Hospitality Lane
Suite 265
San Bernardino, CA 92407
(909) 380-0073 Office
(760) 534-8135 Mobile
(909) 839-4531 Fax
Cal BRE# 01787727
Cal BRE# 02023477
Local Area………………….
Investment Overview……..
Property Profile……........…
Photos & Maps……............
Rental Survey……..............
Site Plan……………………
Building Fees & Costs…….
City Planning Info…………
Unit Mix…………................
Income & Expenses...........
Value Analysis……………..
Lender & Developer Info….
Broker Remarks…...……….
TABLE OF CONTENTS
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. Romans 10:9
LOCAL AREA
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. John 14:6
Total Population: 126,267 Average Household Income: $67,870
Population Per Sq. Mile: 1,709 Median Household Income: $54,768
Median Age: 30.2 Income Per Capita: $19,201
Male / Female Ratio: 49.8% / 50.2% Average Disposable Income: $55,019
High School Graduate (Only): 29.2% Median Home Value: $263,490
2-Year Degree (Only): 37.8% Average Household Size: 3.49
Bachelor Degree (Only): 7.8% Owners: 54.0%
Post-Graduate Degree: 4.6% Renters: 46.0%
Votes Democrat: 52.5% Unemployment Rate: 6.0%
Votes Republican: 45.1% Unemployment Number: 43,200
Demographics | Victorville, CA
Victorville is a city of 126,000 residents in the high desert of San Bernardino County. The city is 20
minutes north of the Ontario Airport and is the 4th most populated city in the County and 49th mostpopulated city in California. Named after railroad pioneer Jacob Nash Victor, the city of Victorville wasincorporated on September 21st of 1962.
Victorville is one of the fastest growing areas in California having witnessed a population increase of 80%since the year 2000 and 154% since 1990. This rapid growth in population is due in part to affordable
housing and convenient access to inland empire cities such as San Bernardino, Ontario, RanchoCucamonga, Fontana, and Riverside. The City is also a major transportation Hub located along the 15freeway between Los Angeles and Las Vegas.
The Victorville area has been the location of several TV & Film productions such as Grand Theft Auto, TheHitcher, Lethal Weapon, From Dusk Till Dawn, Face Off, Kill Bill: Volume 2, and Fast and the Furious TokyoDrift. Notable people from the Victorville area include Roy Rogers, Dale Evans, Steve Ryan, & EarlBascom.
Major Employers In Victor ValleySouthern California Logistics Airport | Hesperia Unified School District | Victor Valley CollegeDesert Valley Hospital | Walmart Distribution Center | Verizon | CEMEX | General AtomicsVictor Valley Union High School District | Victor Elementary School District | Stater BrothersFederal Correctional Institution | Victor Valley Global Medical Center | County of San BernardinoApple Valley Unifited School District | Adelanto School District | Super Target | Fiber Care Baths
INVESTMENT OVERVIEW
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. Jeremiah 29:11
INVESTMENT HIGHLIGHTS
MOJAVE DRIVE STORAGE DEVELOPMENT is a 8.52 acre parcel of land that is approved for ministorage development. The site was fully approved in 2007 for 46,000 square feet of enclosedstorage and 136,000 square feet of RV Storage. Due to the economic downturn of 2008,ownership stopped plans to develop the mini storage.
The property is located 1/2 mile east of highway 395 and 4 miles west of Interstate 15. Thisopportunity is surrounded by existing and new single family and commercial developments.Victorville's local storage market is stable with most facilities operating above 90% occupancy!The storage square feet per capita in Victorville is 13.05. Current rental rates are roughly $1 persquare foot for enclosed storage and $0.50 per square foot for RV Storage.
The project is estimated to cost $6M in both land and building costs. The facility is projected togross over $1M in revenue and nearly $700K in net income; producing doubledigit returns!
90% Market Occupancy
Adjacent to New Development
High Traffic Count
Major Corridor
Double Digit Return on Investment
PROPERTY PROFILE
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. Philippians 4:13
Property Name: Victorville Storage Development
Address On Title: Mojave Road, Victorville, CA 92394
Land Acquisition Price: $595,000
Land Price Per Square Foot: $1.60
Land Price Per Acre: $69,836
*Construction Cost: $5,508,175
Market Rate Per Square Foot: $0.99
Self Storage Sq. Ft. Per Capita: 13.05
*Projected Gross Revenue: $964,602
*Projected Net Income: $688,729
Enclosed Rentable Square Feet: 183,095
*Number of Units: 591
*Projected Occupancy: 95%
Acreage: 8.52
Gross Land Square Feet: 371,131
*Year Built (Proposed): 2020
Zoning: M1 Industrial
APN: 3128-621-04-0000
Construction Type: Metal
Paving: Concrete
Cross Streets: Mojave & Highway 395
Nearest Freeway: Interstate 15
Traffic Count: 20,000
Plans & Approvals: Site Was Approved in 2007 (Expired CUP).
SITE PHOTOS
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. Romans 3:23
AERIAL MAPS
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. Matthew 7:21
LOCATION MAPS
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. John 10:10
PARCEL MAP
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. Galatians 5:16
RENTAL SURVEY
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. Genesis 1:27
5x10 $60 5x10 $65
10x10 $100 10x10 $95
10x15 $130 10x15 $120
10x20 $150 10x20 $145
# of Units* 591 # of Units 106
Occupancy* 91% Occupancy 96%
Year Built* 2020 Year Built 2007
NRSF* 183,095 NRSF 14,200 Phone:
Acreage 8.52 Acreage 1.07 (760) 951-0141
Lot Size 371,131 Lot Size 46,609
Address Address 15139 Anacapa Road
Victorville, CA 92394 Victorville, CA 92392
5x10 $69 5x10 $75
10x10 $119 10x10 $147
10x15 $142 10x15 $165
10x20 $170 10x20 $189
# of Units 404 # of Units 568
Occupancy 95% Occupancy 93%
Year Built 1990 Year Built 1984
NRSF 57,135 Phone: NRSF 70,383 Phone:
Acreage 2.57 (760) 383-2654 Acreage 2.70 (760) 241-7401
Lot Size 111,949 Lot Size 117,612
Address 14421 Borego Road Address 13627 Amargosa Road
Victorville, CA 92392 Victorville, CA 92392
Anacapa Storage
Cubesmart Self Storage
SUBJECT PROPERTY*
StorAmerica Self Storage
Mojave Drive
RENTAL SURVEY
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. Acts 2:38
5x10 $49 5x10 $79
10x10 $78 10x10 $100
10x15 $108 10x15 $130
10x20 $120 10x20 $150
# of Units 699 # of Units 752
Occupancy 98% Occupancy 92%
Year Built 2003 Year Built 2007
NRSF 93,680 Phone: NRSF 141,511 Phone:
Acreage 4.64 (760) 241-5151 Acreage 7.47 (760) 243-5100
Lot Size 202,118 Lot Size 325,393
Address 13465 Palmdale Road Address 14598 Palmdale Road
Victorville, CA 92392 Victorville, CA 92392
5x10 $79 5x10 $55
10x10 $113 10x10 $95
10x15 $158 10x15 $110
10x20 $198 10x20 $135
# of Units 564 # of Units 270
Occupancy 90% Occupancy 90%
Year Built 1980 Year Built 1982
NRSF 58,128 Phone: NRSF 23,997 Phone:
Acreage 3.45 (760) 475-3505 Acreage 2.00 (760) 245-8002
Lot Size 150,282 Lot Size 87,120
Address 15555 Yates Road Address 16290 N. D Street
Victorville, CA 92395 Victorville, CA 92394
5x10 n/a 5x10 $60
10x10 $90 10x10 $90
10x15 $112 10x15 $120
10x20 $128 10x20 $140
# of Units 511 # of Units 500
Occupancy 80% Occupancy 81%
Year Built 2005 Year Built 2006
NRSF 97,710 Phone: NRSF 76,332 Phone:
Acreage 4.74 (760) 684-4930 Acreage 4.42 (760) 951-1200
Lot Size 206,474 Lot Size 192,535
Address 13574 6th Avenue Address 16885 Sunset Road
Victorville, CA Victorville, CA 92395
Uhaul Self StorageStorage Zone
Extra Space Storage A&L Self Storage
Storage Locker Hi Tech Self Storage
RENTAL SURVEY
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. Matthew 22:37-40
5x10 n/a 5x10 $65
10x10 n/a 10x10 $90
10x15 n/a 10x15 $125
10x20 n/a 10x20 $155
# of Units 734 # of Units 775
Occupancy n/a Occupancy 94%
Year Built 2005 Year Built 1998
NRSF 94,372 Phone: NRSF 109,920 Phone:
Acreage 7.77 (760) 955-2022 Acreage 5.99 (760) 951-8218
Lot Size 338,461 Lot Size 260,924
Address 12276 Cobalt Rd Address 12217 Apatite Ave
Victorville, CA 92392 Victorville, CA 92395
5x10 $65 5x10 n/a
10x10 $90 10x10 n/a
10x15 $125 10x15 n/a
10x20 $160 10x20 n/a
# of Units 435 # of Units 629
Occupancy 99% Occupancy n/a
Year Built 2006 Year Built 2005
NRSF 86,560 Phone: NRSF 112,000 Phone:
Acreage 4.71 (760) 956-9776 Acreage 5.96 (760) 956-5100
Lot Size 205,168 Lot Size 259,618
Address 12569 Bear Valley Rd Address 12829 Bear Valley Rd
Victorville, CA 92392 Victorville, CA 92392
5x10 $74 5x10 $55
10x10 $124 10x10 $82
10x15 $158 10x15 $105
10x20 $186 10x20 $130
# of Units 530 # of Units 592
Occupancy 93% Occupancy 92%
Year Built 2008 Year Built 1985
NRSF 60,000 Phone: NRSF 99,700 Phone:
Acreage 3.53 (760) 552-8605 Acreage 6.70 (760) 991-3224
Lot Size 153,767 Lot Size 291,852
Address 15262 Mojave Dr. Address 11622 Amargosa Rd
Victorville, CA 92394 Victorville, CA 92392
Got Storage Apatite Self Storage
Mesa Self Storage Bear Valley West Self Storage
Storage Direct Right Space Storage
RENTAL SURVEY
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. Matthew 28:19
5x10 $57 5x10 $55
10x10 $79 10x10 $91
10x15 $108 10x15 $125
10x20 $133 10x20 $174
# of Units 531 # of Units 740
Occupancy 92% Occupancy 87%
Year Built 2004 Year Built 1985
NRSF 59,735 Phone: NRSF 129,846 Phone:
Acreage 4.2 (760) 245-0030 Acreage 7.52 (760) 354-9339
Lot Size 182,952 Lot Size 327,571
Address 12250 Ridgecrest Rd Address 12176 Locust Avenue
Victorville, CA 92395 Victorville, CA
5x10 $71 5x10 $77
10x10 $102 10x10 $120
10x15 $170 10x15 $153
10x20 $176 10x20 $181
# of Units 382 # of Units 405
Occupancy n/a Occupancy n/a
Year Built 1990 Year Built 1990
NRSF 57,157 Phone: NRSF 69,000 Phone:
Acreage 3.07 760-383-2655 Acreage 3.84 (760) 412-4340
Lot Size 133,729 Lot Size 167,270
Address 12474 Industrial Blvd Address 14195 La Mesa
Victorville, CA Victorville, CA 92392
5x10 $59
10x10 $89
10x15 $119
10x20 $149
# of Units 1,000
Occupancy 73%
Year Built 2018 2018 Expansion
NRSF 150,000 Phone:
Acreage 10 (760) 951-7733
Lot Size 435,600
Address 13755 Seneca Road
Victorville, CA 92392
StorAmerica Industrial StorAmerica La Mesa
Victor Valley Self Storage StorAmerica Locust
Reliable Self Storage
RENTAL SURVEY
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. Revelation 21:1
Property Name Year Built
Square
Feet
# of
Units
Occupancy
Rate 5x10 10x10 10x15 10x20
SUBJECT PROPERTY* 2020 183,095 591 91% $60 $100 $130 $150
StorAmerica Self Storage 1990 57,135 404 95% $69 $119 $142 $170
Cubesmart Self Storage 1984 70,383 568 93% $75 $147 $165 $189
Storage Zone 2003 93,680 699 98% $49 $78 $108 $120
Uhaul Self Storage 2007 141,511 752 92% $79 $100 $130 $150
Extra Space Storage 1980 58,128 564 90% $79 $113 $158 $198
A&L Storage 1982 23,997 270 90% $55 $95 $110 $135
Storage Locker 2005 97,710 511 80% n/a $90 $112 $128
Hi Tech Storage 2006 76,332 500 81% $60 $90 $120 $140
Got Storage 2005 94,372 734 n/a n/a n/a n/a n/a
Apatite Self Storage 1998 109,920 775 94% $65 $90 $125 $155
Mesa Self Storage 2006 86,560 435 99% $65 $90 $125 $160
Bear Valley West 2005 112,000 629 n/a n/a n/a n/a n/a
Storage Direct 2008 60,000 530 93% $74 $124 $158 $186
Right Space Storage 1985 99,700 592 92% $55 $82 $105 $130
Victor Valley Self Storage 2004 59,735 531 92% $57 $79 $108 $133
StorAmerica Locust 1985 129,846 740 87% $55 $91 $125 $174
StorAmerica Industrial 1990 57,157 382 n/a $71 $102 $170 $176
StorAmerica La Mesa 1990 69,000 405 n/a $77 $120 $153 $181
Reliable Self Storage 2018 150,000 1,000 73% $59 $89 $119 $149
SITE PLAN
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. Genesis 1:1
CONSTRUCTION COST ESTIMATE
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. Ephesians 5:1
CONSTRUCTION COST ESTIMATE
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. Exodus 3:6
CASHFLOW PROJECTION
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. Exodus 20:2-3
CONSTRUCTION COST ESTIMATE
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. 2 Chronicles 6:14
VICTORVILLE ZONING MAP
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. Psalm 19:1
VICTORVILLE PLANNING CONTACTS
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. 2 Chronicles 7:14
Scott Webb
City Planner
(760) 955-5135 Phone
Alex Jauregui
Assistant Planner
(760) 955-5135Phone
Planning Department
14343 Civic Drive
PO Box 5001
Victorville, CA 92393
(760) 955-5135 Phone
(760) 269-0070 Fax
Monday to Thursday 8am – 5pm
Fridays 8am – 4pm
Daisy Mahoney
Assistant Planner
(760) 955-5135 Phone
POTENTIAL UNIT MIX
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. Leviticus 19:2
Size Sq. Ft.
# Of
Units
Rentable
Sq. Ft.
Monthly
Rate
Rate / Sq.
Ft.
Monthly
Income
Annual
Income
10x10 100 20 2,000 $100 $1.00 $2,000 $24,000
10x12 120 3 360 $115 $0.96 $345 $4,140
10x15 150 8 1,200 $130 $0.87 $1,040 $12,480
10x17 170 1 170 $130 $0.76 $130 $1,560
10x20 200 28 5,600 $150 $0.75 $4,200 $50,400
10x25 250 19 4,750 $185 $0.74 $3,515 $42,180
10x30 300 18 5,400 $210 $0.70 $3,780 $45,360
10x40 400 3 1,200 $260 $0.65 $780 $9,360
12x20 240 21 5,040 $175 $0.73 $3,675 $44,100
12x25 300 19 5,700 $200 $0.67 $3,800 $45,600
12x30 360 16 5,760 $220 $0.61 $3,520 $42,240
12x40 480 17 8,160 $275 $0.57 $4,675 $56,100
15x10 150 8 1,200 $120 $0.80 $960 $11,520
RV Storage
10x20 200 3 600 $100 $0.50 $300 $3,600
10x25 250 67 16,750 $125 $0.50 $8,375 $100,500
10x30 300 25
10x35 350 1 350 $150 $0.43 $150 $1,800
11x20 220 4 880 $100 $0.45 $400 $4,800
11x25 275 20 5,500 $130 $0.47 $2,600 $31,200
11x30 330 83 27,390 $140 $0.42 $11,620 $139,440
11x35 385 111 42,735 $150 $0.39 $16,650 $199,800
11x40 440 94 41,360 $175 $0.40 $16,450 $197,400
11x45 495 2 990 $175 $0.35 $350 $4,200
591 183,095 $89,315 $1,071,780
Sq. Ft. Units $0.49
Self Storage 46,540 181 309.81
RV Storage 136,555 410
Total 183,095 591
591
540
91%Physical Occupancy
Average rate / sq. ft.
Average size (sq. ft.)
Total Units
Occupied Units
POTENTIAL INCOME & EXPENSES
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. Jeremiah 10:1-5
Gross Potential Income: 1,071,780$
Vacancy & Discounts: 107,178$ 10.00%
Gross Storage Income: 964,602$
Other Fees: -$
TOTAL 964,602$
New Real Estate Taxes: 68,935.36$ 1.1295%
Property Insurance: 15,000.00$
On-Site Management Expense: 70,000.00$
Payroll Expenses: 15,000.00$
Advertisement: 20,000.00$
Office & Admin: 7,500.00$
Lien Fees: 5,000.00$
Maintenance & Repairs: 12,000.00$
Landscaping: 5,000.00$
Storage Software: 2,500.00$
License & Permits: 1,500.00$
Utilities: 18,000.00$
Phone & Internet: 3,000.00$
Security & Cameras: 3,500.00$
Bank & Merchant Fees: 28,938.06$
Other: 5,000.00$
Total Expenses 275,873.42$ 28.60%
NET INCOME 688,728.58$
INCOME
EXPENSES
STORAGE DEVELOPMENT VALUE ANALYSIS
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. Leviticus 26:40-42
SITE ACQUISITION $595,000
BUILDING CONSTRUCTION $5,508,175
TOTAL COSTS AFTER CONSTRUCTION $6,103,175
ENCLOSED COST PER SQ. FT. $45.00
RV COST PER SQ. FT. $25.00
ENCLOSED SQ. FT. 136,555
RV SQ. FT. 46,540
POTENTIAL GROSS INCOME $964,602
GROSS REVENUE MULTIPLIER 6.33
NET INCOME $688,729
RETURN 11.28%
VACANT LAND SALES COMPARABLES
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. James 2:26
Closing Date On Market Closing Date 2/14/2019
Sales Price $595,000 Sales Price $583,000
Price / Land sq. ft. $1.60 Price / Land sq. ft. $1.84
Price / Acre $69,836 Price / Acre $79,972.57
APN 3128-621-04 APN 3064-411-15
Acreage 8.52 Acreage 7.29
Lot Size 371,131 Lot Size 317,552
Use Storage Use Commercial
Distance Subject Distance 8 Miles
Address Mojave Road Address Highway 395
Victorville, CA 92394 Hesperia, CA 92344
Closing Date 2/14/2019 Closing Date 2/14/2019
Sales Price $417,000 Sales Price $600,000
Price / Land sq. ft. $1.83 Price / Land sq. ft. $1.89
Price / Acre $79,885.06 Price / Acre $82,203.04
APN 3064-411-14 APN 3064-411-11
Acreage 5.22 Acreage 7.299
Lot Size 227,383 Lot Size 317,944
Use Commercial Land Use Storage
Distance 8 Miles Distance 8 Miles
Address Highway 395 Address Avenal Street
Hesperia, CA 92344 Hesperia, CA 92344
3064-411-15
3064-411-11
SUBJECT PROPERTY
3064-411-14
Property Name Acreage Lot Size Sales Price Price / Acre
Price /
Sq. Ft.
Closing
Date
SUBJECT PROPERTY 8.52 371,131 $ 595,000 $ 69,836 1.60$ On Market
3064-411-15 7.29 317,552 583,000$ 79,973$ 1.84$ 2/14/2019
3064-411-14 5.22 227,383 417,000$ 79,885$ 1.83$ 2/14/2019
3064-411-11 7.30 317,944 600,000$ 82,203$ 1.89$ 2/14/2019
Averages 6.60 287,627 533,333$ 80,687$ 1.85$
PORTABLE STORAGE CONTAINER COMPANIES
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. James 1:22
Company Contact Phone Email
Janus Blake Robinson (479) 601-2452 [email protected]
Mako Steel Caesar Wright (760) 448-1760 [email protected]
USC John Cooley (303) 818-8835 john.cooley@universalstorage
containers.com
Aztec
Container
Steve Hyndman (800) 865-9189 [email protected]
Pac-Van Rob McDaniel (909) 829-5977 [email protected]
Mobile
Mini
Peter Synn (909) 685-5949 [email protected]
Cube Depot Tara (562) 202-5180 [email protected]
Instant
Storage
Charles
McCann
(661) 393-7005 [email protected]
Below are companies that manufacture and sell portable storage in California. The rough cost of the
“shipping container” units are between $10 - $15 per sq. ft. The “traditional self storage” units
range between $20 - $40 per sq. ft. Please contact the companies below for exact pricing.
Traditional Self Storage Style Shipping Container Style
PERMANENT STORAGE CONSTRUCTION
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. 2 Timothy 1:7
Two of the biggest names in self storage development are KiwiConstruction and Mako Steel. Both companies have been in business forover 20 years and are the preferred contractor for the largest storageoperators in the country.
Feel free to contact them for information regarding construction.
28177 Keller Rd,
Murrieta, CA 92563
(951) 301-8975 Phone
(951) 301-4096 Fax
www.kiwiconstruction.com
5650 El Camino Real, #100
Carlsbad, CA 92008
(760) 448-1760 Phone
(760) 448-1761 Fax
www.makosteel.com
SBA & CONVENTIONAL LENDERS
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. Philippians 2:10
Bank of Hope
Gene Pac
Senior Vice President
3200 Wilshire Blvd., 7th Floor
Los Angeles, CA 90010
(213) 819-4242 Phone
(213) 639-8049 Fax
Pacific Premier Bank
Francisco Navas
Senior Vice President
1249 E. Katella Ave,
Orange, CA 92867
(805) 231-1246 Mobile
(714) 538-8330 Fax
Redwood Capital
Jeffrey Ogan
Commercial Loans
6404 Wilshire Blvd
Suite 100
Los Angeles, CA 90048
(949) 596-7509 Office
(951) 443-6368 Mobile
AmPac Tri-State CDC
Janine Warren
VP & Business Development
22365 Barton Road
Suite 210
Grand Terrace, CA 92313
(909) 915-1706 Phone
(626) 485-2308 Mobile
This is an excellent opportunity for an experienced operator to capitalize onthe demand for storage in this growing area. With the high price per squarefoot to purchase an existing facility in California, it is smarter to build a newproperty at half the cost!
Most storage facilities in California are selling for prices between $100 - $150per square foot depending on Class and location. This project provides a greatopportunity to own a Class A facility for less than $60 per foot!
The storage market in Victorville is stable with all other facilities operatingaround 90% occupancy! There is a healthy amount of new residential &commercial construction that will increase demand.
This property has strategic placement to attract tenants from both Victorville& Adelanto. This opportunity has potential to gross over $1M annually andprovide double digit returns!
BROKER REMARKS
National Association of Realtors ID: 157528386
Multiple Listing Service ID: CV37631
The information herein has been obtained from sources deemed reliable. We
have no reason to doubt its accuracy, but do not guarantee it. The prospective
buyer should carefully verify information contained herein. Matthew 6:33