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September 19, 2020
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INLAND EMPIRE NEWS
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Rialto Self-Storage Property Trades for $4 Mil

4/09/18

A 1031 exchange investor purchased Rialto Self Storage, a 36.9k sf self-storage facility, for $4 mil. The property, located at 2850 W. Foothill Blvd, was 97% occupied at the time of sale.

The facility features 374 self-storage units plus 11 uncovered RV and boat parking spaces. The property consists of five single-story buildings and offers numerous amenities including a gated entrance with key code access, 24-hour video surveillance cameras, U-Haul truck rental as well as RV and boat parking. It also has an on-site managerís apartment, offering additional security.

The property is strategically located on Foothill Blvd (Route 66) and is exposed to 23,126 vehicles passing by daily. The site also sits in a high-population area, with 373,357 residents within a five-mile radius.

CBREís Nick Walker and Trevor Roberts represented the seller, a California limited liability company.





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