711-717 Mills Ave Claremont, CA 91711

This fully stabilized self-storage facility, located at 711-717 S Mills Ave, Claremont, CA 91711, presents a compelling investment opportunity. Built in 1987, the property boasts 63,170 net rentable square feet across 669 units within three buildings situated on two parcels. Currently operating at a 95.4% occupancy rate, the facility generates a substantial net operating income (NOI) of $63,170. The weighted average rental rate stands at $1.57 per square foot, while market rents in the area are reported at $1.90 per square foot for non-climate-controlled units, indicating significant upside potential through rental rate adjustments and occupancy improvements. The property is owner-managed and will be delivered as-is, where-is. A CMBS loan with an approximate balance of $3,600,000 is in place and may be assumable, or will require yield maintenance. This is a rare opportunity to acquire a well-established, high-performing self-storage asset in a desirable Los Angeles County location. Prospective buyers are responsible for conducting their own due diligence and property condition assessments. The property is offered for sale for the first time.