Auto Mall Parkway Self Storage

Location: Fremont, CA
Type: Self Storage
Price: $8,000,000

SMC has provided an $8,000,000 ten-year fixed rate mortgage for the refinance of Auto Mall Parkway Self Storage, a 58,100 SF self-storage storage facility located in the San Jose suburb of Fremont, California. The Property is located at the intersection of Auto Mall Parkway (41,250 VPD) and Osgood Road (14,531 VPD) which provides access to Interstate 680 to the east and Interstate 880 to the west. The Property was originally developed in 1998 and consists of 656 storage units and 26 parking spaces. The average self-storage unit is approximately 89 SF and the Property offers 7-days a week access, gated entry, exterior facility lighting, optional unit alarms, on-site management and on-line auto pay services. In the twelve months ended August 2019, the Property reported average occupancy of approximately 85%.