Infill Self Storage
922 W Evelyn Avenue Sunnyvale, CA 94086
922 W Evelyn Avenue, Sunnyvale, CA, 94086
$4,500,000
For Sale
$4,500,000
Infill self-storage asset with gated digital access, on-site management office, and 24/7 video surveillance.
Property Size11,651 SF
Lot Size0.51 Acres
Price / SF$386.23
Days on Market33
Property Features for 922 W Evelyn Avenue
General Information
- Standard status
- Active
- Size
- 11,651 SF
- Lot size
- 0.51 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1985
Listing agency
Marcus & Millichap
(650) 492-0934
Listed by
Adam S. Levin · License #01462752
(650) 492-0934
Source
Exitrealty
Added: Jun 19 Updated: Jul 21 at 2:44AM Checked: Jul 21 at 5:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
Storage Corner Sunnyvale is a fully built self-storage facility comprising 109 units within a single two-story building. Constructed in 1985 and renovated in 2023, the property is designed for efficient operation and includes gated access with digital keypad entry, an on-site management office, and 24/7 video surveillance. Unit access is supported by a mix of roll-up door units plus drive-up and interior options, along with lift access to upper levels. The facility also features fire sprinkler systems and tenant convenience amenities including handcarts and dollies, along with online bill pay and flexible leasing options.
Strategically positioned along West Evelyn Avenue, the property benefits from strong visibility and exposure to approximately 15,221 vehicles per day. The site covers approximately 0.51 acres (APN: 165-20-021).
Strategically positioned along West Evelyn Avenue, the property benefits from strong visibility and exposure to approximately 15,221 vehicles per day. The site covers approximately 0.51 acres (APN: 165-20-021).
Key Highlights
- Infill self‑storage facility in Sunnyvale with 109 units and 11,651 net rentable SF
- Built in 1985 and renovated in 2023; fully built out on approx. 0.51 acres (APN: 165‑20‑021)
- Gated access with digital keypad entry plus 24/7 video surveillance
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $373.3k | $32.04 |
| − Vacancy | −$39.6k | −$3.40 |
| EGI | $333.7k | $28.64 |
| − OpEx | −$50.1k | −$4.30 |
| NOI | $283.7k | $24.35 |
11,651 SF · lease $32.04/SF/yr · vacancy 10.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.05M
$3.55M – $4.73M
NOI $283,669 @ 7.0% cap · market cap 6.30%
Second Best
Self Storage
$1.54M
$1.35M – $1.80M
NOI $108,047 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$5.06M
$4.43M – $5.91M
NOI $354,401 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storage Corner Sunnyvale
Storage Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Infill self-storage asset with gated digital access, on-site management office, and 24/7 video surveillance.
Where is this self storage facility located?
The property is located at 922 W Evelyn Avenue Sunnyvale, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Infill self‑storage facility in Sunnyvale with 109 units and 11,651 net rentable SF; Built in 1985 and renovated in 2023; fully built out on approx. 0.51 acres (APN: 165‑20‑021); Gated access with digital keypad entry plus 24/7 video surveillance
