$2,700,000
Storwell-Barrett is a well-situated passive, remotely managed self-storage facility located in a high barrier-to-entry market at 16325 Barrett Ave in the thriving city of Morgan Hill, CA. Constructed in 1978, the subject property is situated on a 0.81-acre parcel of land. The facility encompasses approximately 10,380 total square feet and offers 100% drive-up units with roll-up doors. Storwell-Barrett provides tenants with modern conveniences, including 24-hour surveillance and a secure gated perimeter with keypad access. Morgan Hill offers strong demand driven by its growing residential population and business community. Its central location and accessibility ensure consistent storage needs from residents and businesses. Storwell-Barrett presents an ideal investment opportunity for those looking to enter the California self-storage market. Local storage operators can benefit from economies of scale, while exchange or cross-product buyers will appreciate the stable cash flow and simplified management associated with self-storage. Additionally, local apartment investors may diversify their portfolio and create cross-marketing opportunities between residential and storage properties. Self-storage is not subject to any local or state rent control laws.
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Listed by Adam S. Levin with Marcus & Millichap (650) 391-1700
Property Type
Commercial Sale
Status
Active
MLS Number
ML82026615
Year Built
1978
Lot Size
0.81 acres