SELF STORAGE SPACE - SALE PENDING

For Sale

711-717 S Mills Ave, Claremont, CA 91711

This Claremont property for sale is located at 711-717 S Mills Ave. Contact the listing broker for details on the current sale price for SELF STORAGE SPACE - SALE PENDING.

Contacts

broker

Tom de Jong

broker

Jacob Becher

broker

Jack Parkan

Property Details

  • Property Type Industrial - Warehouse/Distribution
  • Additional Rent Contact for pricing
  • Year Built 1987
  • Date Updated Nov 2, 2024
Colliers’ de Jong | Becher team has been retained as the exclusive advisor by the ownership to offer for sale the property located at 711 South Mills Ave, Claremont, CA 91711. The property is fully stabilized self-storage asset built in 1987 with 63,170 net rentable square feet in 669 units in three separate buildings on two parcels. This owner managed facility will be delivered on an as-is, where-is basis and is currently at an occupancy rate of 95.4% at a weighted average rental rate of $1.57/SF. Market rents in the area are reported by Yardi Matrix as $1.90/SF non-climate controlled. Facility is managed by sellers. The property is subject to a CMBS loan that may be assumed and/or will required yield maintenance with a balance of approximately $3,600,000. This is the first time the property has been listed on the market. Buyer to conduct their own property condition assessments as this is an as-is, where-is, with all fault’s sale.

Sale Note
In-place net operating income of $686,919 on an in-place annualized basis based on current in-place rents and actual expenses. Additional upside with implementation of rental rate management, occupancy improvements and implementation of tenant protection.

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Attachments

Getting around

  • 47/100

    Walk Score ®

  • 34/100

    Transit Score ®

  • 54/100

    Bike Score ®

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Location

  • City Claremont, CA
  • Neighborhood Claremont
  • Zip Code 91711
  • Market Los Angeles

Points of Interest

  • Claremont

    0.86 miles

  • Pomona–North

    2.53 miles

  • Ontario

    3.77 miles

  • East Ontario

    8.04 miles

  • Rancho Cucamonga

    8.63 miles

  • Chevron

    0.53 miles

  • Shell

    0.54 miles

  • Costco Gasoline

    1.15 miles

  • USA Gasoline

    1.21 miles

  • Tesla Supercharger

    1.27 miles

  • Arco

    1.59 miles

  • Thrifty

    1.64 miles

  • 76

    2.24 miles

  • eVgo

    2.39 miles

  • Ontario Supercharger

    3.63 miles

  • Zipcar

    0.98 miles

  • Hertz

    1.30 miles

  • Good Tyme Car Wash

    1.74 miles

  • Squeaky Clean

    2.16 miles

  • Enterprise

    2.26 miles

  • Pacific Car Wash

    2.36 miles

  • E-Z Clean Car Wash

    2.56 miles

  • Avis

    2.64 miles

  • Budget

    2.64 miles

  • Prime Wash Express

    3.25 miles

  • Round Table Pizza

    0.48 miles

  • Denny's

    0.50 miles

  • Sanamluang Thai Cuisine

    0.50 miles

  • McDonald's

    0.51 miles

  • Norm's

    0.56 miles

  • Chipotle

    0.58 miles

  • Hanoi Kitchen

    0.58 miles

  • Popeyes

    0.62 miles

  • Subway

    0.63 miles

  • In-N-Out Burger

    0.64 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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