SELF STORAGE BUILDING FOR SALE

Colliers’ de Jong | Becher team has been retained as the exclusive advisor by the ownership to offer for sale the three assets in Orland, Oroville and Tehama/Red Bluff, California. All assets are separately branded, owner-managed and located in Northern California Counties of Tehama, Glenn and Butte. Assets may be acquired separately, although preference may be given to a single portfolio buyer. Combined net rentable square footage is 74,975 net rentable square feet plus parking and apartment units at each site. The properties are being offered free and clear of any debt allowing the investor/buyer to acquire the property utilizing their own preferred debt/equity deal structure.

Sale Note
Total potential rents are currently $64,910 monthly with current occupied rents of $49,219 monthly. Average in-place rental rates of $0.82 for the portfolio. Properties have been well maintained with many of the buildings receiving new roof treatments over the past 3-5 years and the buildings are a combination of wood/metal and containers. A qualified buyer will be expected to present the sellers with their anticipated CapEx budget prior to offer acceptance to mitigate retrade risks.