10991 Roscoe Blvd, Sun Valley, CA 91352
20,540 SF Specialty Building Offered at $7,980,000 at a 4.97% Cap Rate in Sun Valley, CA 91352
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $7,980,000
- Property Type
-
Specialty
- Square Feet
- 20,540 SF
- Price / Square Foot
- $389
Listing Contacts
Simon Chu
Verified Profile
- Property Info
Property Overview
First-time on-the-market! Heirs decide to sale. All walk-up/drive-up units on large 1.43 acre land area at excellent inner city location, one mile north of Burbank airport, immediately adjacent to Golden State Freeway 5, with easy access from freeway and location streets. Historically high occupancy and stable income with steady annual growth, plus long-term cell tower lease, RV's parking rental. Professionally managed, great investment for passive investors or owners/operators of self-storage facilities seeking additional facilities or expansion. All Sq. Ft. information is based on county assessor's records. Call or email [email protected] for additional info.
Property Details
- Class
- C
- Year Built
- 1973
- Stories
- 1
- Property Subtype
- Self-Storage
- Lot Size (sq. ft)
- 62,291 SF
Highlights
- First-time on-the-market. 192 walk-up/drive-up units on large 1.43 acre, immediately adjacent to Fwy 5 north of Burbank.
- 5% cap on FY2023 actual net income. Consistent high occupancy and stable income with annual growth.
- Long-term cell tower lease and additional RV's/trailer parking rental
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