Shadelands Self Storage is located in the affluent Walnut Creek neighborhood community of the East Bay of San Francisco. This high-end trade area serves the surrounding communities of Walnut Creek, Pleasant Hill, Concord, and Clayton. Within 3 miles of the subject property, average household incomes exceed $166,066 with average home prices well over $1,000,000. The Walnut Creek community boasts an average disposable income of $125,440, nearly 31% higher than the California average of $92,100.
Shadelands Self Storage is located between Treat Blvd and Ignacio Valley Rd, two major east/west arterials. The facility totals just over 140,000 rentable square feet and 1,201 storage units. The facility consists of a rare mix of climate controlled and drive-up units, of which 62% are drive-up and nearly 83% are ground level, rarely found in such a densely populated, core trade area. The facility has been self-managed by the current ownership group whose primary focus is on other asset classes. The subject property is currently 92% occupied with a history of occupancy in the mid-90% range. Additionally, the facility sits on 6.3 acres and presents an opportunity for future expansion through increased density with the ability to build vertically.
Shadelands Self Storage provides an exceptional opportunity to acquire an impeccably maintained, we
