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5044 Peabody Rd - Sun-Ray Storage
9.75 Acres of Commercial Land Offered at $6,100,000 in Fairfield, CA 94533
Investment Highlights
- Mixed-Use opportunity with combination of industrial outdoor storage yard income and boat/RV storage income
- 9.75 Acres – 5.0 acres operated as Sun-Ray RV & Boat Storage; 4.75 acres leased to 3 tenants
- Total T-12 Gross Income of $541,000
- Future redevelopment opportunity as residential (proximity to Fairfield-Vacaville Amtrak Station)
- RV & Boat Storage 96% occupied as of May 2024 ($29,000/month gross effective rents)
- In-Place Net Operating Income of $450,000+
Executive Summary
Combined area of 9.75 acres located in the Fairfield-Vacaville Amtrak Station area slated for long-term redevelopment to residential. The Sun-Ray combined property has current gross effective rents of $542,000 with in-place net operating income of $452,000. Total potential rents are estimated to be $760,000 based on competitive market rents for similar
properties. Average in-place rental rates of $0.27/SF for RV & Boat rentals, $0.72/SF for containers and $0.14/SF for
the outdoor yard area. The property offers the investor an opportunity to enjoy stable income from a long-term tenant
and increasing rents from the RV & Boat Storage yard. Option to add additional containers at Buyers discretion (buyer to
verify with City).
The property is being offered at $6,100,000 on an as-is, where-is basis. The property is free and clear of any debt
allowing the investor/buyer to acquire the property utilizing their own preferred debt/equity deal structure.
Property Facts
1 Lot Available
Lot
| Price | $6,100,000 | Lot Size | 9.75 AC |
| Price Per AC | $625,641 |
| Price | $6,100,000 |
| Price Per AC | $625,641 |
| Lot Size | 9.75 AC |
Mixed-Use opportunity with combination of industrial outdoor storage yard income and boat/RV storage income
Description
• Combination Industrial Outdoor Storage and RV & Boat Storage yard • 9.75 combined acres • Long-term residential redevelopment in the Fairfield Vacaville Amtrak Train Station area • Upside through rental rate management - RV & Boat rents well below market • In-Place CAP rate of 7.5%, proforma CAP rate of 9% ++ • 24 Hour Digital Security Video/Secure Digital Access
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $71,500 | |
| Land Assessment | $2,548,980 | Total Assessment | $2,620,480 |
PROPERTY TAXES
zoning
| Zoning Code | Commercial (Land- Industrial - Self Storage) |
| Commercial (Land- Industrial - Self Storage) |
Presented by
Company Not Provided
5044 Peabody Rd - Sun-Ray Storage
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