2600 Santa Maria Way
Santa Maria, CA 93455

Marcus and Millichap has been selected to exclusively market for sale Super Storage (the “Facility”) located in Santa Maria, CA. The Facility is offered at $6,000,000. Super Storage represents a rare opportunity to acquire a clean, well-maintained self-storage facility along the California Central Coast in Santa Maria, CA. Acquisition of the asset will provide an investor with immediate cash-flow and a well-located self storage facility with strong demographics. Additional upside can be attained through increasing rents to market rates as current asking rents are significantly below the market. As of March 2018, the Facility is 95.0 percent occupied by units, 95.6 percent occupied by square feet and 82.8 percent economically occupied. The Facility was built in 2000. It consists of 321 self-storage units and approximately 40,355 net rentable square feet. The property is situated on 2.39 acres and consists on three single-story and two, two-story buildings that are equipped with multiple lifts for customer convenience. The Facility is secured with perimeter metal fencing with entry and exit from three electronic gates with electronic keypad systems. The units range in size from 30 to 405 square feet. Each unit has a metal roll-up door. All units are individually alarmed and the property is under 24-hour surveillance for added security. The Facility features a leasing office with a security monitor display and a retail area for packing and moving supplies. The property is conveniently located on Santa Maria Way and receives approximately 23,700 vehicles passing the facility on a daily basis. The Facility has high visibility from the Orcutt Expressway. The area surrounding the property has a high population density of approximately 138,216 residents within a five-mile radius and an average household income of approximately $73,643. The Facility would appeal to an existing storage owner who would like to add a stabilized asset to an existing portfolio. A local storage owner could benefit from spreading costs across a broader economic base. An exchange or cross-product buyer would be attracted to the stable cash flow and ease of management that storage provides. Lastly, a local apartment investor could diversify an investment portfolio and create cross-marketing opportunities between residential and storage properties.