431 N 2nd Ave - Foothill Mini Storage
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431 N 2nd Ave - Foothill Mini Storage
22,641 SF Specialty Building Offered at $7,536,600 CAD in Arcadia, CA 91006
Investment Highlights
- Trade area includes Arcadia, Pasadena, Sierra Madre and Monrovia
- Extremely high visibility to over 265,000 cars via the I-210 Freeway
- 3-mile population of 138,844
- Extremely high barriers to entry for new supply given combination of land pricing and entitlement headwinds
- Dense and dynamic demographics
- Favorable rental rates with gross potential rates north of $3.00 per RSF
Executive Summary
https://foothillministoragearcadiaca.sharplaunch.com/
VERSAL is pleased to present for purchase Foothill Mini
Storage in Arcadia, California – a jewel box size, well
occupied asset with massive visibility to over 265,000
cars via the I-210 Freeway. The facility consists of
22,641 rentable square feet spread across 171 single
story units with a favorable average unit size of 132
square feet.
The City of Arcadia, California is located in the San
Gabriel Valley in the Los Angeles Basin approximately
thirteen miles northeast of downtown Los Angeles. This
dense, high-end suburb is known for its location tucked up against the picturesque San Gabriel mountains,
being home to the Santa Anita Park race track as well
as the highly regarded Westfield Santa Anita shopping
center.
This offering is for the leasehold position in the asset.
The original fifty-five-year lease commenced in 1987
and expires in December 14, 2042. Caltrans, the ground
lessor, has stated they will engage in term extension/
renewal discussions when the agreement has less than
five years of term remaining.
VERSAL is pleased to present for purchase Foothill Mini
Storage in Arcadia, California – a jewel box size, well
occupied asset with massive visibility to over 265,000
cars via the I-210 Freeway. The facility consists of
22,641 rentable square feet spread across 171 single
story units with a favorable average unit size of 132
square feet.
The City of Arcadia, California is located in the San
Gabriel Valley in the Los Angeles Basin approximately
thirteen miles northeast of downtown Los Angeles. This
dense, high-end suburb is known for its location tucked up against the picturesque San Gabriel mountains,
being home to the Santa Anita Park race track as well
as the highly regarded Westfield Santa Anita shopping
center.
This offering is for the leasehold position in the asset.
The original fifty-five-year lease commenced in 1987
and expires in December 14, 2042. Caltrans, the ground
lessor, has stated they will engage in term extension/
renewal discussions when the agreement has less than
five years of term remaining.
Property Facts
| Price | $7,536,600 CAD | Building Class | C |
| Price Per SF | $333 CAD | Building Size | 22,641 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1987 |
| Property Subtype | Self-Storage |
| Price | $7,536,600 CAD |
| Price Per SF | $333 CAD |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Building Size | 22,641 SF |
| No. Stories | 1 |
| Year Built | 1987 |
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Walk Score ®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 5773-003-035 | Improvements Assessment | $561,464 CAD |
| Land Assessment | $453,009 CAD | Total Assessment | $1,014,473 CAD |
PROPERTY TAXES
Parcel Number
5773-003-035
Land Assessment
$453,009 CAD
Improvements Assessment
$561,464 CAD
Total Assessment
$1,014,473 CAD
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431 N 2nd Ave - Foothill Mini Storage
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