Contacts
Property Details
- Property Type Other
- Units 148
- Date Updated Apr 17, 2025
Storage One at 720 Sandy Ridge Ave, Henderson, NV, is an institutional-grade self-storage facility in a thriving Las Vegas MSA submarket. Built in 2021, this 754-unit, 70,050 NRSF facility offers a modern, energy-efficient design with a mix of single-story and underground units.
Storage One is positioned in a high-growth market, with over 299,000 residents within a five-mile radius and a median household income of approximately $85,000. The area has a limited self-storage supply, with only 5.66 square feet per capita, creating strong demand for storage solutions.
The facility is performing well, with 73% physical occupancy by unit, 80% occupancy by area, and 70% economic occupancy. Current gross potential rent stands at $1.43 million, with additional opportunities for rental growth. The property generates a net operating income (NOI) of $635,000, which is projected to exceed $1.1 million.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Institutional trophy asset in a core market with phenomenal demographic and growth drivers.
- Over 300,000 population located in a 5-mile radius with $85,000 median household incomes.
- Achieved ~$18 rents with further room to push via ECRIs and rent growth.
- Favorable self storage supply with only 5.66 sq ft per capita in the trade area.
- Energy efficient build with single story and two stories underground.
- 73% Physical Occupancy (Units) | 80% Occupancy (Area) | 70% Economic Occupancy
Getting around
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74/100
Walk Score ®
-
34/100
Transit Score ®
-
52/100
Bike Score ®
Location
- City Henderson, NV
- Neighborhood MacDonald Ranch
- Zip Code 89052
- Market Las Vegas
Points of Interest
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D Gates
5.89 miles
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D Gates - Blue Line
5.89 miles
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D Gates - Red Line
5.94 miles
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C Gates
6.07 miles
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Terminal 3
6.17 miles
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Rideshare pickup for T3 (valet level)
6.30 miles
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Terminal 1
6.33 miles
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Rideshare staging for LAS
6.41 miles
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Rideshare pickup for T1 (level 2M)
6.46 miles
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Mandalay Bay
7.55 miles
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ChargePoint
0.87 miles
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Tesla Supercharger
1.52 miles
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Chevron
1.59 miles
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Mobil
1.64 miles
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Smith's Fuel Center
1.96 miles
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Sam's Club
2.04 miles
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Speedway
2.19 miles
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Shell
2.22 miles
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Costco Gasoline
2.33 miles
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Arco
2.77 miles
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Anthem/McCullough Trailhead Parking Lot
1.60 miles
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Anthem East Trail and Field 1 Parking
1.61 miles
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Shadow Canyon Trailhead Parking Lot
4.06 miles
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M Resort Self Parking
4.53 miles
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Whitney Mesa Parking
4.82 miles
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Observation Lot
5.19 miles
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Harry Reid Airport Remote Lot
5.34 miles
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Harry Reid Airport Rental Car Facility
5.40 miles
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Union Pacific Railroad Trailhead Parking Lot
5.59 miles
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McCullough Hills Trailhead Parking Lot
5.76 miles
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Homewood Suites by Hilton Henderson South Las Vegas
0.30 miles
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Aloft Henderson
0.83 miles
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Best Western Plus Las Vegas South Henderson
1.20 miles
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Green Valley Ranch
1.43 miles
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Hampton Inn & Suites Las Vegas South
1.47 miles
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Residence Inn Las Vegas South/Henderson
1.53 miles
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SpringHill Suites
3.26 miles
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TownePlace Suites
3.31 miles
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Grandview at Las Vegas
4.28 miles
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Emerald Suites
4.45 miles
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Smith's
0.20 miles
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Trader Joe's
0.49 miles
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Herbally Grounded
0.51 miles
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Target
0.84 miles
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Sprouts Farmers Market
0.89 miles
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Burkes Outlet
0.90 miles
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Vons
1.62 miles
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Ross
1.79 miles
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Whole Foods Market
1.80 miles
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Walmart Supercenter
1.97 miles
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.
