62735 29 Palms HwyJoshua Tree, CA 92252

This exceptional investment opportunity presents a proposed self-storage development in the thriving Joshua Tree, CA market. Located on a 2.34-acre lot at 62735 29 Palms Hwy, 92252, this project features plans for six buildings and an office, totaling 29,700 net rentable square feet and encompassing 324 non-climate-controlled units. The property boasts an enviable location with excellent visibility along 29 Palms Highway (CA-62), experiencing high daily traffic counts of approximately 18,000 vehicles. With limited competition—only one other facility within a 5-mile radius—this development is poised for strong occupancy rates. The pro-forma NOI is $488,365, resulting in an 8.01% cap rate, and the asking price is $675,000. Projected opening is slated for 2025. This development presents a compelling opportunity to capitalize on the growing demand for self-storage in this dynamic area of California. The property's strategic location and substantial size make it an attractive investment for those seeking strong returns in the self-storage sector. The high traffic counts and low competition further enhance the potential for significant profitability.