Public Storage
San Diego, CA
Executive Summary
CBRE’s Self Storage Advisory Group has been retained by ownership as the exclusive agent to market the sale of Public Storage - San Diego. This investment opportunity consists of 563 total units, 555 units of ground level drive-up and multi-story interior non-climate-controlled storage space distributed across 51,190 net rentable square feet as well as eight uncovered parking spaces that represent a combined 960 square feet of parking. The property currently offers 24-hour security camera monitoring, automated entry gate with keypad, leasing office with retail sales of boxes and miscellaneous storage supplies. Recent capital improvement include an updated security camera system as well as new rod-iron fencing around the perimeter of the facility. Public Storage - San Diego is strategically positioned on a two acre parcel in the heart of a diversified infill residential community in eastern San Diego that offers a dense saturation of single family, multi-family and mobile home communities in the immediate area. This submarket offers highly desirable demographics metrics, with a population density of 625,101 people and average household incomes of $110,055 within a 5-mile radius. The facility also benefits from the incredible visibility generated by 500 ft of frontage along Highway 94 which generates 180,000 VPD plus an additional 17,415 VPD along Federal Boulevard incredible visibility.
San Diego, California, is a vibrant coastal city with a diverse and resilient economy anchored by key sectors such as defense, tourism, international trade, education, and advanced manufacturing. Home to over 144,000 college students across institutions like San Diego State University and UC San Diego, the city benefits from a strong academic and research ecosystem. The Port of San Diego plays a major role in regional commerce, generating nearly $14 billion in economic impact and supporting over 71,000 jobs through maritime trade, cruise activity, and industrial operations. The military is a cornerstone of San Diego’s economy, with over 111,000 active-duty personnel and 370,000 local jobs tied to defense spending, contributing roughly a quarter of the region’s economic output. Looking ahead, transformative projects like the $3.5 billion Seaport Village redevelopment, the $1.5 billion East Village Quarter, and the Midway Rising housing initiative promise thousands of new jobs and housing units, positioning San Diego for robust growth and long-term investment potential.
Investment Highlights
Team
Brokerage Team
CBRE Self Storage Advisory Group provides personalized and tailored services, backed by the nation’s foremost experience and technology, driving successful real estate outcomes for individual and institution investors alike. As the industry leader in self-storage advisory, we bring unmatched buyer exposure and market knowledge to each transaction, delivering maximum value to clients.
With more than $8.8 billion in consideration and over 53.8 million square feet sold since 2009, this self storage team led by Nick Walker offers customized investment sales, acquisition and recapitalization services, together with industry-leading market intelligence, to provide unmatched exposure to buyers across the country. By leveraging the strength of CBRE’s Self Storage Advisory Group, in conjunction with market research, a seamless execution process and long-standing relationships, the team can anticipate trends and command capital globally, validating CBRE’s Self Storage Advisory Group as the safest and best choice for results in the global investment property capital market.
