431 2Nd Ave Arcadia, CA 91006
- Self storage facilities
- 22,641 SF
- 22,641.00 lot acres
Current Use by Public Records
- Foothill Mini Storage / Boat Storage Facility / Moving And Storage Service
Property Details for 431 2Nd Ave
- Year built
- 1987
- Lot size
- 22,641.00 lot acres
- Property size
- 22,641 SF
- Property type
- Self storage facilities
- APN
- 894-0382-016
Description
This exceptional self-storage facility, Foothill Mini Storage, presents a compelling investment opportunity in Arcadia, California. Boasting 22,641 square feet across seven buildings on a 2.2-acre lot (APN 894-0382-016), this property offers 171 units with an impressive 87% occupancy rate. Built in 1987, the facility benefits from a strong 7.42% cap rate and a price per square foot of $234.09, reflecting a total asking price of $5,300,000. The property enjoys exceptional visibility, situated along the I-210 Freeway, exposing it to over 265,000 vehicles daily. Located in a densely populated area, the 3-mile radius encompasses a population of 138,844 residents, serving Arcadia, Pasadena, Sierra Madre, and Monrovia. Favorable rental rates, exceeding $3.00 per rentable square foot, contribute to the property's strong financial performance. Prospective buyers should consult their tax advisors regarding 1031 exchange suitability and property tax implications, as the current lease terms may affect both. The seller does not guarantee future property tax assessments.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arcadia
- County
- Los Angeles
- State
- California
- Longitude
- -118.026568
- Latitude
- 34.145149
