17900-17918 Crusader Ave, Cerritos, CA 90703
260,273 SF Specialty Building Offered For Sale in Cerritos, CA 90703
For Sale
Active
14 pictures
- Property Type
-
Specialty
- Square Feet
- 260,273 SF
Listing Contacts
Nicholas Walker
Property Overview
To view Offering Memorandum and Due Diligence: https://selfstorageadvisory.com/properties/extra-space-storage-cerritos/
CBRE’s Self Storage Advisory Group is pleased to offer Extra Space Storage - Cerritos, a premier self storage facility located in the Los Angeles-Orange County, CA MSA. The attractive property features interior climate controlled units and offers valuable amenities including extended access hours, sturdy moving carts for heavy items, wide drive aisles, on-site office, ADA compliance, and online rentals and billpay. With 2,460 units spread across 260,273 net rentable square feet of storage space (which includes a 497 unit, 39,845 nrsf expansion expected to be completed August 2024), the facility rests on 4.95 acres of land, well positioned for continued success in the self storage industry. The Los Angeles-Orange County, CA MSA is the #2 GDP and GMP economy in the country, with major import/export and commercial activity occurring within the metro.
Extra Space Storage - Cerritos is located in a high visibility location with a strong traffic count of 301,000 vehicles per day passing by the property on Interstate 605. The facility has great rental history with 88.2% physical occupancy as of May 31, 2024. The property is located in a well populated area in close proximity to the Los Cerritos Center Mall and numerous local retail and service businesses. with 634,512 people within a 5-mile radius of the facility. The area is high income, with the average 3-5 mile household income ranging from $116,488 to $117,602. The area is growing, with 2,402 future residential units in the development pipeline within a 5-mile radius.
CBRE’s Self Storage Advisory Group is pleased to offer Extra Space Storage - Cerritos, a premier self storage facility located in the Los Angeles-Orange County, CA MSA. The attractive property features interior climate controlled units and offers valuable amenities including extended access hours, sturdy moving carts for heavy items, wide drive aisles, on-site office, ADA compliance, and online rentals and billpay. With 2,460 units spread across 260,273 net rentable square feet of storage space (which includes a 497 unit, 39,845 nrsf expansion expected to be completed August 2024), the facility rests on 4.95 acres of land, well positioned for continued success in the self storage industry. The Los Angeles-Orange County, CA MSA is the #2 GDP and GMP economy in the country, with major import/export and commercial activity occurring within the metro.
Extra Space Storage - Cerritos is located in a high visibility location with a strong traffic count of 301,000 vehicles per day passing by the property on Interstate 605. The facility has great rental history with 88.2% physical occupancy as of May 31, 2024. The property is located in a well populated area in close proximity to the Los Cerritos Center Mall and numerous local retail and service businesses. with 634,512 people within a 5-mile radius of the facility. The area is high income, with the average 3-5 mile household income ranging from $116,488 to $117,602. The area is growing, with 2,402 future residential units in the development pipeline within a 5-mile radius.
Property Details
- Class
- B
- Year Built
- 2019
- Stories
- 3
- Property Subtype
- Self-Storage
- Lot Size (sq. ft)
- 215,622 SF
Highlights
- High Barrier to Entry Market: Per Capita of 3.4 in 3-Mile Radius
- Located Outside of Los Angeles City: No ULA Tax
- Densely Populated: With 260,636 People in a 3-Mile Radius
- Current Market Rates Above $2.85/SF
- Visible from Interstate 605 FWY: Averages 301,000 Vehicles Per Day
- Delivered with 39,845 NRSF Expansion (Expected Completion: August 2024)
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