2001 N 8th St
El Centro, CA 92243
Hope Self Storage Development · Land For Sale · 12.57 AC

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". Discover a rare, near shovel-ready self-storage development in the high-demand El Centro market! Spanning 10.4 buildable acres, this approved project features 107,000 SF of engineered storage units (690 units) and includes excess land for warehouse or light industrial expansion. The development is strategically located on N 8th Street, near Dorian Court, offering high visibility and accessibility with a daily traffic count of 24,300 vehicles. The El Centro Metropolitan Statistical Area, with a population of 178,713, presents a promising market for storage development. The property is strategically positioned in a stable and growing market, with a 93% storage occupancy rate in the surrounding area. This is your chance to secure a cash-flowing, high-resale-value asset in a booming self-storage market. Key Investment Highlights: - 4.47 Sq. Ft. Per Capita - 93% Occupancy Market - $12M loan approved by 2 major banks (only 15% down) - $1.2M net income/year from Phase 1 alone - $20M Phase 1 resale value, with $34M projected on full build-out - Approved site plan by the City of El Centro - Designed for solar panel installations - Profitable by month 5 of operations - City also permits EV Charging Station & Digital Billboard - Over 1,000 ft of street frontage near a signalized intersection - Prime location near Costco, Walmart, Lowe’s, CVS, and Lithium mines - Bordered by Class “A” Apartments with strong traffic exposure - Approved for Office building (1,500 SF, 2-story) with large signage - No other supply in development pipeline - High Traffic Count - All utilities on site, stormwater systems in place, and direct access to El Centro’s growing commercial corridor.