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3/21/24
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A 993-unit self-storage facility located at 6025 Park Dr in the NoCal city of Rocklin was acquired by an institutional buyer. It was sold by an affiliate of Banner Real Estate Group.
The expansive property sits on 1.72 acres and is adjacent to numerous residential neighborhoods and multi-housing communities. It is strategically located in a suburb roughly 20 miles northeast of Sacramento that is rapidly expanding. The facility has great visibility being positioned at the intersection of Park Dr and Sunset Blvd. Together these streets have a traffic count of more than 38,000 vehicles per day.
The facility offers three stories of self-storage with 98.2k sf of rentable space and a variety of unit sizes. Completed in 2021, the facility offers many advanced features such as climate-controlled units, electronic access control, drive-up units and a covered loading bay.
A JLL Capital Markets team led by Brian Somoza repped the seller in the deal.
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