Jasmine Street Storage 5870 Jasmine St Immeuble | 606 m² | Spécialité | À vendre 1 701 225 € | Taux de capitalisation 4,02 % | Riverside, CA 92504

John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me".
JASMINE STREET STORAGE is located at 5870 Jasmine Street, Riverside, CA. This single-story structure was built in 1974 & 1989 out of concrete, metal, and wood. The facility consists of 7,920 rentable sq. ft. of enclosed storage divided into 20 units on 0.46 acres of land.
JASMINE STREET STORAGE is a great investment for a first-time storage buyer looking to get into the storage market. The size, price, and location make it an ideal starter property that can be self-managed and provide minimal risk. The property is 400 yards north of the Jurupa & Jasmine Street Intersection, which has a traffic count above 13,000 vehicles per day! The facility is currently 100% occupied in a market with high demand for self-storage space. The Large units at the property are highly sought after by contractors such as plumbers, electricians, mechanics, handymen, and construction workers. Due to the high occupancy and high demand for storage space in Riverside, there is potential to increase rents and further improve revenue.
JASMINE STREET STORAGE comes equipped with an On-Site Manager and is surrounded by a variety of commercial and residential developments. This asset has significant upside providing the potential investor with a "Value Add" investment opportunity.
SUITABLE FOR OWNER-USER Recent electrical and plumbing upgrades position this property as a strong owner-user opportunity. A business owner can operate out of one building while generating steady income from tenants in the other. This built-in rental revenue creates an additional income stream that can help offset operating expenses and reduce overhead, making it an efficient and strategic setup for an owner-operator looking to combine workspace and investment in one property.