1718 Base Line St San Bernardino, CA 92411-1649
- Warehouses
- 0.17 lot acres
Current Use by Public Records
- Baseline Personal Storage / Storage / Mover
- Base Self Storage / Self-Storage Facility / Automobile Storage Facility
Property Details for 1718 Base Line St
- Lot size
- 0.17 lot acres
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 0143-161-03-0000
- APU
- 143161030000
Description
This stabilized self-storage investment opportunity in San Bernardino, CA, features 218 units across five single-story buildings totaling 17,302 net rentable square feet on a 0.85-acre lot. The property boasts an 83.1% occupancy rate as of May 31, 2024, offering immediate cash flow and significant upside potential. Units range in size from 5x3 to 20x12, providing a mix of drive-up and walk-up access. Convenient online rentals and bill pay are available to tenants. The property includes an on-site one-bedroom, one-bathroom manager's residence. Recent capital improvements include new doors and a complete remodel of the office and reception area. Strategically located on West Baseline Street, a high-visibility corridor with over 28,000 vehicles per day, the facility benefits from its proximity to San Bernardino International Airport and San Bernardino Valley College. The surrounding area shows strong demographics, with a 5-mile radius encompassing 375,430 people and an average household income of $79,293. Furthermore, the local submarket is experiencing robust residential growth, with 3,052 future residential units planned within a 5-mile radius. Current street rates are 26.2% below local market averages, presenting a significant opportunity for management to increase revenue. While the current offering does not include an adjacent 0.81-acre parcel, the seller may consider selling it separately.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $895,000
- 6.5%
- $840,000
- 7%
- $1,000,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $930,000
- Geo Method
- $835,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $865,000
- Retail
- $990,000
- Mixed-Use
- $820,000
- Hospitality
- $830,000
- Educational
- $855,000
- Residential Income
- $790,000
- Energy
- $825,000
- Income-Based Land
- $965,000
- Food Service
- $785,000
Location Insight
- Map
- Local Demand
- City
- San Bernardino
- County
- San Bernardino
- State
- California
- Longitude
- -117.325
- Latitude
- 34.1217
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
