Brand New Self-Storage Facility for Sale in Los Angeles, CA

This listing presents a compelling opportunity to acquire a brand new, state-of-the-art self-storage business located in a prime, high-density DTLA neighborhood of Los Angeles, CA. The facility, comprising approximately 10,416 square feet, features 118 newly constructed units, including climate-controlled options, designed to meet the growing demand for secure and convenient storage solutions. The business operates with streamlined efficiency, offering customers electronic billing and auto-pay services, alongside advanced security measures such as 24/7 surveillance and individual unit access codes, which have contributed to its highly-rated 5-star customer reputation. Strategically positioned in a high-traffic area, the facility benefits from excellent visibility and caters to a diverse customer base from both residential and commercial sectors. Key features highlighted include a variety of unit sizes to accommodate different storage needs, and significant upselling opportunities through the provision of packing supplies, moving truck rentals, and optional insurance. The market is robust, driven by urbanization, downsizing trends, and increasing e-commerce activities, ensuring consistent customer influx and long-term profitability potential. Furthermore, the infrastructure is in place for future expansion, allowing for scalability. This is a turnkey operation, sold as the business only, with approximately 4 years remaining on the current lease, which has a base rent of $12,499 per month on modified gross expense terms. While the projected gross revenue at 100% occupancy is noted, specific cash flow details are not disclosed.