1124 4th St
Taft, CA 93268

John 14:6 - Jesus said to him, "I am the Way, the Truth, and the Life; No man comes to the Father except through Me." THE STORAGE BIN is located at 1124 4th Street in the city of Taft, CA. THE STORAGE BIN was built in three phases starting in 1986 and ending in 2003. This single story facility consists of 94,875 rentable square feet of self storage space divided into 802 units, as well as 71,460 rentable square feet of RV Parking divided into 175 units. For the past 34 years the facility has historically operated above 95% occupancy with a waiting list. This is achievement comes without a website or internet presence. As a result of higher rental rates and low vacancy for storage facilities in nearby Bakersfield, THE STORAGE BIN attracts several customers from the city of Bakersfield. The facility also attracts customers from nearby Taft College, which is a community college consisting of 5,723 students and 200 faculty. THE STORAGE BIN provides a unique opportunity to have a monopoly of the self storage market in the Taft area. The property is the only self storage in the city and with High Barriers to entry of new facilities, it will be the only storage around for quite some time. The closest competitors are located 25 miles east in the western part of Bakersfield. The facility comes equipped with an On Site Office, Electronic Gates, Roll Up Doors, Wide Driveways, 31 Security Cameras, Covered RV Parking, Vehicle Wash Station, and excess land for expansion. The Facility has roughly 4 acres of usable undeveloped land for expansion of Enclosed and RV storage units. THE STORAGE BIN offers an investor a stable and consistent income stream with huge upside, which should be taken into account when considering this opportunity. THE STORAGE BIN is an Institutional level facility with a small town feel that will provide double digit returns! FULL MARKETING PACKAGE AVAILABLE UPON REQUEST.