Machado Storage
Riverside-San Bernardino-Ontario MSA
Machado Storage
Summary
- Address 16401 Lakeshore Drive, Lake Elsinore, CA 92530
- Pricing Guidance $10,500,000
- Cap Rate 5.07%
- Occupancy 93%
- Number of Units 358
- Enclosed Sq. Ft. 51,620
- Parking Sq. Ft. 6,200
- Acreage 3.47
- Year Built 1995 & 2004
- Traffic Count 25,000+
- Rent Increase Since October 2022 23%
- Square Foot Per Capita 8.99
- Tenant Insurance No
- Expansion Potential Yes
John 14:6 – Jesus said unto him “I am the way, the truth, and the life. No one comes to the Father except by Me.”
The Calvary Realty National Storage Group is pleased to offer this institutional level facility located within the Riverside-San Bernardino-Ontario MSA. With over 4.6M residents, this Metropolitan Statistical Area is the 12th largest in the nation!
Machado Storage consists of 57,805 rentable square feet and is currently 93% occupied.
Located at a signalized intersection, the property benefits from great drive by traffic of over 25,000 vehicles per day! Competitive storage facilities are over 90% occupied and square foot per capita within a 5- and 10-mile radius is 8.9 square feet.
Demand in the area will only increase as there's an additional 18,495 residential units approved for development in the city of Lake Elsinore.
