Contacts
Brandon Robinson
Calvary Realty
Jamaal Brown
Calvary Realty
Property Details
- Property Type Other
- Units 1007
- Additional Rent Contact for pricing
- Date Updated Oct 4, 2024
- Website senecabusinessparkstorage.sharplaunch.com
John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me."
SENECA BUSINESS PARK AND STORAGE is a 9.67-acre parcel of vacant land that is in the process of being approved for a 159,000 square foot climate control storage and office complex. Current plans include 45,212 sq. ft. of climate control storage, 69,695 sq. ft. of non-climate drive up storage, 10,725 sq. ft. of retail and office space, and 33,820 sq. ft. of covered vehicle parking.
The property is located at the border of Adelanto and Victorville along highway 395, 4 miles west of interstate 15. This opportunity is surrounded by existing and new single family and commercial developments. The Adelanto/Victorville storage market is strong with most facilities operating above 90% occupancy! The storage square feet per capita within a 3-mile radius is 4.92 square feet. Current rental rates are roughly $2 per square foot for the smaller size units (5x5 to 10x10) and $1.00 to $1.25 for the larger units (10x15 to 10x30). The rate per square foot for RV spaces is $0.75 per square foot for covered and $0.50 per square foot for open RV parking.
The project is estimated to cost $14M in both land acquisition and construction costs. The facility is projected to gross over $2.3M in revenue and over $1.65M in net income at stabilization.
At a conservative 6.5% cap rate, estimated value upon stabilization is above $25M!
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Highlights
- High Traffic Count With Visibility from Hwy 395
- Surrounded by Residential & Commercial Developments
- Daily Vehicle Count Above 30,000
- No Climate Control Storage Within 10-Mile Radiu
- 92% Occupancy Market
- 134K+ 5-Mile Population
- Thriving Retail Hub
- State of The Art Facility
- Local ATV Community
- Unique Market Position
- Premier Covered RV Parking & Charging Ports
- Strategic Development Phasing
Attachments
Getting around
-
30/100
Walk Score ®
-
36/100
Bike Score ®
Location
- City Adelanto, CA
- Zip Code 92301
- Market Inland Empire
Points of Interest
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Victorville
6.76 miles
-
Arco
0.50 miles
-
Shell
2.76 miles
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Arco
3.40 miles
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Arco
3.63 miles
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Unocal
3.66 miles
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Chevron
4.12 miles
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Arco
4.26 miles
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Mobil
4.30 miles
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Valero
4.31 miles
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Arco
4.53 miles
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El Evado Plaza
3.36 miles
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Bear Valley Park And Ride
4.37 miles
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Victorville
5.34 miles
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Hesperia Park And Ride
7.13 miles
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Lot 13
8.39 miles
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Lot 12
8.43 miles
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Lot 10
8.45 miles
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Lot 11
8.46 miles
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Lot 2
8.46 miles
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Lot 1
8.47 miles
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Hawthorn Suites by Wyndham Victorville
4.40 miles
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Comfort Suites Victorville I-15
4.46 miles
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Hilton Garden Inn Victorville
4.48 miles
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La Quinta Inn & Suites by Wyndham Hesperia Victorville
4.48 miles
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Econo Lodge
4.48 miles
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Home2 by Hilton
4.49 miles
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Travelodge by Wyndham Victorville
4.51 miles
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Budget Inn
4.54 miles
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Red Roof Inn
4.58 miles
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Holiday Inn Victorville;Holiday Inn - Victorville
4.61 miles
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Stater Bros.
0.33 miles
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Walmart Supercenter
0.56 miles
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Victorville Village
0.81 miles
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Bear Valley Center
3.53 miles
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Albertsons
3.53 miles
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Stater Bros.
3.64 miles
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Sears
4.15 miles
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Dunia Business Park
4.16 miles
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The Mall Of Victor Valley
4.21 miles
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Dunia Plaza
4.25 miles
In-Depth Research Available for this Property
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