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555 S Dart Canyon Rd, Crestline, CA, 92325

Lake Gregory Self Storage

$8,070,000

Key Information

Cap Rate
6.06%
$ per SF
$197
Tot. SF
40,821
Lot Size
2.31 Acres
Units
217
Year Built
2008
Type
Self Storage
NOI
$488,935

Highlights

• Strong, Stabilized Performance: The facility operates at a 90%+ occupancy rate, demonstrating highly resilient local demand and immediately providing a reliable, consistent revenue stream for a new owner.
• High Barriers to Entry: Located in a mountain community with strict zoning, limited buildable land, and high development costs, the market features natural and regulatory protections that effectively shield the business from new, competing supply.
• Low SF/Capita Market: With only 6.1 SF/Capita within a 5-mile radius this allows a new owner security of future reliability along with pricing power.
• Affluent Submarket Demographics: The facility serves an upscale local demographic, with an average household income exceeding $115,000 within a 5-mile radius.
• Well Maintained Facility: Constructed from concrete block, the property has been well maintained over the years. Incoming ownership will benefit from minimal near-term capital expenditure requirements.

Photos

Location

Agents

Broker of Record

David Harrington

License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245