1718 Base Line St, San Bernardino, CA 92411
17,302 SF Specialty Building Offered For Sale in San Bernardino, CA 92411
For Sale
Active
- Property Type
-
Specialty
- Square Feet
- 17,302 SF
Listing Contacts
Nicholas Walker
Trevor Roberts
Property Overview
View Offering Memorandum and Due Diligence: https://selfstorageadvisory.com/properties/base-self-storage/
CBRE's Self Storage Advisory Group is pleased to present the offering for Base Self Storage, a traditional drive-up self-storage facility located in the city of San Bernardino, CA. Base Self Storage consists of 218 units, ranging in size from 5X3 up to 20X12, representing a combined 17,302 net rentable square feet. This property offers tenants ground-level drive-up & walk up units with convenient online rentals and billpay. Base Self Storage currently sits on .85 acre of land and for groups looking to potentially expand the current facility's footprint the Seller would consider selling the adjoining .81 acre parcel (NOT A PART of current offering but if interested contact our listing team for additional details) immediately to the east of the subject property. The facility is currently 83.1% physical occupancy, as of May 31, 2024, representing a unique operational opportunity for a storage investor looking for in place cash flow as well as forward looking upside potential.
Base Self Storage is strategically located in the Riverside-San Bernardino, CA MSA, the 20th largest GMP economy in the nation with Riverside County ranking as the fastest growing large county in the state of California. This property is positioned in a densely populated submarket with 375,430 people within a 5-mile radius of the facility and within close proximity to the San Bernardino International Airport and San Bernardino Valley College. The surrounding area also offers strong income numbers, with an average 5 mile household income of $79,293. Base Self Storage benefits from its strategic location along West Baseline Street, this high visibility traffic corridor offers vehicle counts exceeding 28,000 vehicles per day. The local submarket is experiencing solid residential growth with 3,052 future residential units in the development pipeline within a 5-mile radius.
CBRE's Self Storage Advisory Group is pleased to present the offering for Base Self Storage, a traditional drive-up self-storage facility located in the city of San Bernardino, CA. Base Self Storage consists of 218 units, ranging in size from 5X3 up to 20X12, representing a combined 17,302 net rentable square feet. This property offers tenants ground-level drive-up & walk up units with convenient online rentals and billpay. Base Self Storage currently sits on .85 acre of land and for groups looking to potentially expand the current facility's footprint the Seller would consider selling the adjoining .81 acre parcel (NOT A PART of current offering but if interested contact our listing team for additional details) immediately to the east of the subject property. The facility is currently 83.1% physical occupancy, as of May 31, 2024, representing a unique operational opportunity for a storage investor looking for in place cash flow as well as forward looking upside potential.
Base Self Storage is strategically located in the Riverside-San Bernardino, CA MSA, the 20th largest GMP economy in the nation with Riverside County ranking as the fastest growing large county in the state of California. This property is positioned in a densely populated submarket with 375,430 people within a 5-mile radius of the facility and within close proximity to the San Bernardino International Airport and San Bernardino Valley College. The surrounding area also offers strong income numbers, with an average 5 mile household income of $79,293. Base Self Storage benefits from its strategic location along West Baseline Street, this high visibility traffic corridor offers vehicle counts exceeding 28,000 vehicles per day. The local submarket is experiencing solid residential growth with 3,052 future residential units in the development pipeline within a 5-mile radius.
Property Details
- Class
- C
- Year Built
- 1978
- Stories
- 1
- Property Subtype
- Self-Storage
- Lot Size (sq. ft)
- 37,026 SF
Highlights
- Significant Management Upside: Subject Property Street Rates 26.2% Below Local Market Averages
- Recent Capital Improvement Projects: New Doors / Complete Remodel of Office & Reception Area
- On-Site Residence: 1 Bedroom / 1 Bathroom Manager Residence Located On-Site
- Growing Residential Market: 3,052 Future Residential Units in Development Pipeline (5-Mile Radius)
- High Visibility Location: 28,047 VPD Traffic Count (West Base Line Street)
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