Published on: Tuesday, November 19, 2024
Updated on: Tuesday, November 19, 2024
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About the Lister
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Name: TaMara Jones
Company: Calvary Realty
Office Phone: (310)619-0244
Cell Phone: (310)619-0244
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  Austin Road Self Storage
183 S Austin Rd, Manteca California , 95336
183 S Austin Rd, Manteca California                                                                                          , 95336Calvary Realty
Listing ID: CL-California-12846

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 3.05
Net Operating Income: Contact Lister
Commission Split (%): 0
Quick Glance
Listing ID: CL-California-12846
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 2022
Building Size: 48,650.00 SqFt
Lot Size: N/A
No of Stories: N/A
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
The Elite Storage Group of Calvary Realty is proud to present Austin Road Self Storage, a premium Class-A storage facility located at 183 S Austin Road in Manteca, California.
Complete Details
Year Build: 2022
Building Size: 48,650
No of Stories: N/A
Total Lot Area: N/A SqFt.
No of Parking: N/A
No of Total Units: 373
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description
John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me". The Elite Storage Group of Calvary Realty is proud to present Austin Road Self Storage, a premium Class-A storage facility located at 183 S Austin Road in Manteca, California. Positioned within the growing Stockton-Lodi Metropolitan Statistical Area, this facility is strategically located near major highways and new residential developments, including a 797-home Lennar community. Built in 2022, the property spans 2.76 acres and offers 48,650 rentable square feet of storage space across 373 units, with a current physical occupancy of 85%. The modern construction features nine metal and steel buildings designed for optimal functionality and tenant convenience, with all units offering drive-up access. Austin Road Self Storage includes advanced security features, such as motion detectors, providing a safe and secure environment for tenants. The facility also boasts an on-site management office and apartment, making it convenient for operations and customer service. With below-market rents and occupancy reaching 85% in less than two years, there is significant upside potential for investors to capitalize on continued growth. The average household income in the area is $118K, and the property benefits from high traffic visibility, with a count of 16,871 vehicles passing daily on nearby Austin Road. This trophy property represents a strong investment opportunity in a rapidly expanding area. The facility's prime location, excellent build quality, and proximity to major urban centers like Sacramento, San Francisco, and San Jose make it a rare asset in the self-storage market. Priced at $11,400,000 with a cap rate of 3.05%, Austin Road Self Storage is well-positioned for long-term success and future appreciation.
Additional Properties
Property Highlights
  • Adjacent to New Lennar Housing Development (797 Homes)
  • Trophy Property Constructed in 2022
  • All Drive Up Units
  • Advanced Security System With Motion Detectors
  • Average Household Income of $118K
  • Household Income $30K Higher than State Average
  • 75 Miles from Sacramento, San Francisco, & San Jose
  • Adjacent to Signalized Intersection
  • 85% Occupancy in Less than 24 Months of Opening
  • Below Market Rents
  • 3 Mile Population (56K+) | 5 Mile Population (104K+)
  • 100 5-Star Reviews on Google
Features
  • Acreage : 2.76
  • Number of Buildings : 14
  • Traffic Count : 16,871
Listing Location
Attached Documents
  • Download | 1-Austin-Road-August-2024-Financial-Reports-pdf.pdf ( 1,903.56KB)
  • Download | 1-Final-Inspection-1-pdf.pdf ( 2,635.77KB)
  • Download | 2-Austin-Road-October-2024-Financial-Reports-pdf.pdf ( 2,379.44KB)
  • Download | 2-Final-Inspection-pdf.pdf ( 2,408.47KB)
  • Download | 208330-AllStoresList-16-8920241728421104450-xlsx.xlsx ( 56.30KB)
  • Download | 208330-Developments-17-8920241728421058874-pdf.pdf ( 77.39KB)
  • Download | 208330-MarketSnapshot-20-8920241728420960180-xlsx.xlsx ( 9.20KB)
  • Download | 208330-Transaction-8920241728421092762-xlsx.xlsx ( 8.49KB)
  • Download | Agenda-pdf.pdf ( 186.68KB)
  • Download | Appraisal-Land-960-000-183-South-Austin-Road-Manteca-CA-pdf.pdf ( 15,573.58KB)
  • Download | Appraisal-Stabilized-Value-183-South-Austin-Rd-2023-04-27-pdf.pdf ( 12,281.60KB)
  • Download | ARSSPolicy-1-pdf.pdf ( 8,165.81KB)
  • Download | Austin-Mini-Storage-Percolation-Calcs-with-Ground-Water-Data-pdf.pdf ( 4,935.55KB)
  • Download | Austin-Road-Managment-Summary-and-Rent-Roll-July-2024-pdf.pdf ( 1,574.82KB)
  • Download | Balance-Sheet-August-2024-pdf.pdf ( 123.13KB)
  • Download | Bank-Statements-pdf.pdf ( 2,368.63KB)
  • Download | Final-Print-Ready-2024-Eco-pdf.pdf ( 7,254.52KB)
  • Download | General-Ledger-pdf.pdf ( 3,299.69KB)
  • Download | HPSCAN-20241008215118251-2024-10-08-215206038-pdf.pdf ( 5,005.60KB)
  • Download | Lennar-Homes-Letter-of-Intent-pdf.pdf ( 1,718.06KB)
  • Download | Management-Summary-Report-Saturday-August-31st-2024-pdf.pdf ( 577.64KB)
  • Download | Occupancy-Statistics-Report-September-30th-2024-pdf.pdf ( 1,032.01KB)
  • Download | Occupied-History-September-30th-2024-pdf.pdf ( 416.01KB)
  • Download | Offering-Memorandum-Austin-Road-Self-Storage-October-2024-pdf.pdf ( 7,317.67KB)
  • Download | Prelim-FBDO-2401574-183-S-Austin-Road-Manteca-CA-pdf.pdf ( 1,190.04KB)
  • Download | Price-List-September-30th-2024-pdf.pdf ( 359.73KB)
  • Download | Profit-Loss-Statement-Dec-2023-to-August-2024-pdf.pdf ( 1,658.04KB)
  • Download | Profit-Loss-Statement-pdf.pdf ( 604.56KB)
  • Download | Property-Tax-Bill-1-pdf.pdf ( 361.12KB)
  • Download | Property-Tax-Bill-2-pdf.pdf ( 376.48KB)
  • Download | Sellers-Permit-pdf.pdf ( 778.93KB)
  • Download | Sept-Managment-History-pdf.pdf ( 1,318.79KB)
  • Download | Sept-Rent-Roll-pdf.pdf ( 2,154.20KB)
  • Download | SITE-PLANS-pdf.pdf ( 656.45KB)
  • Download | Suitability-Study-Austin-Rd-Manteca-22-282G-AK-KL-signed-pdf-update-binder-pdf.pdf ( 2,107.55KB)
  • Download | Title-Profile-pdf.pdf ( 206.71KB)
  • Download | Vacant-Unit-List-September-30th-2024-pdf.pdf ( 313.17KB)
  • Download | Yosemite-Square-Housing-Development-Information-docx.docx ( 14.92KB)
  • Download | Yosemite-Square-Improvement-Exhibit-pdf.pdf ( 569.23KB)
  • Download | Yosemite-Square-Subdivision-Project-pdf.pdf ( 97.33KB)
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