Cherry Valley Ca Self-Storage Development Site

Fully entitled, shovel-ready self-storage development opportunity in the San Bernardino MSA located at 38718 Brookside Dr, Cherry Valley, CA
±8.27-acre development parcel approved for a Class A, single-story drive-up facility totaling 98,100 NRSF across 859 storage units
Additional ±81,334 SF of unenclosed, canopied RV parking with 150 dedicated stalls creates diversified revenue streams beyond traditional storage income
Strong submarket fundamentals supported by meaningful population growth, zero competing facilities within a 1-mile radius, and no other planned or in-progress self- storage developments within a 5-mile radius
Institutional confidence validated by 4+ institutionally owned or managed self-storage facilities operating within 3 miles of the site
Proven rental rate strength with current market average rents at $1.31 PSF ($15.70 annually) and trailing 12-month average rents at $1.48 PSF ($17.76 annually), signaling continued upward pricing momentum
Offered at $6,250,000 with projected stabilized valuation exceeding $20 million under conservative lease-up assumptions
Conservative underwriting assumes measured absorption beginning late Q1/early Q2 of Year 2, stabilization in Year 5, and additional rate optimization beginning in Year 6
Rare opportunity to acquire a fully approved, near-term executable development project in a supply-constrained, institutionally validated Southern California submarket

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