7965 State Highway 99WGerber, CA 96035

Property Details for 7965 State Highway 99W

Year built

1985

Lot size

0.70 AC

Zone code

R1ATB217

Property type

Industrial properties

Property subtype

Other warehouses

APN

063-160-008-000

APU

63160008000

Description

This exceptional self-storage investment opportunity in Gerber, CA, presents a compelling proposition for discerning investors. Strategically located between Chico and Red Bluff, near Highway 5 and Old Highway 99W, this established business boasts a prime location and high visibility. Operating successfully since the 1980s, the facility enjoys a strong reputation, evidenced by its 4.6-star Google rating and consistently high occupancy rates. The property encompasses 18,912 square feet, featuring 124 storage units, all conveniently drive-up accessible. Further enhancing its income potential are eight 15x40 outdoor RV parking spaces, with ample room for expansion on the additional 3 acres of land. U-Haul rental sales have shown remarkable growth, increasing fivefold in just the second year of operation, highlighting the facility's strong market position and potential for continued revenue growth. On-site, a fully renovated two-story apartment building provides additional income streams, comprising one two-bedroom, two-bathroom unit and one one-bedroom, one-bathroom manager's unit, both currently rented. There's even potential to convert a two-car garage into an additional one-bedroom, one-bathroom unit. The property benefits from its location outside flood and fire zones, resulting in affordable commercial property and casualty insurance costs. This turnkey operation offers a stable, passive income stream, making it ideal for a variety of investors, from retirees seeking on-site living and consistent rental income to those seeking a diversified multifamily investment portfolio with a mature self-storage component. The U-Haul Authorized Dealer status further adds to the revenue streams through truck rentals and moving supply sales.

• Alternative Use

  Use

  Valuation

  Residential

  $6,289,836

  Hospitality

  $5,761,456

  Educational

  $4,793,464

  Medical

  $4,958,318

  Retail

  $7,456,500

Location Insight

City

Gerber

County

Tehama

State

California

Latitude

40.0281

Longitude

-122.172

CBSA code

39780

CBSA name

RED BLUFF, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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