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June 15, 2024
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Westport Properties Spends $19 Mil on Inland Empire Self-Storage Asset


Irvine-based Westport Properties Inc picked up Chino Mini Storage, an 80.9k sf
self-storage facility in Chino for $18.8 mil.

Located at 13555 Ramona Ave, Chino Mini Storage consists of 13 buildings with 701 self-storage units ranging in size from 25 sf to 360 sf. The property sits on 4.39 acres and has various amenities including: outdoor boat, RV, and car parking; drive-up, electronic-gate access; 24-hour video surveillance; perimeter fencing; an on-site manager; and tenant insurance.

Chino Mini Storage is less than five minutes from the 71 Fwy and Hwy 60 in a dense infill location near numerous single-family residential communities, including Green Marble Homes and the master-planned, 82-acre Ontario Ranch. There are 102,526 single family homes and 3,080 future residential units in progress within a five-mile radius. The property is also two miles north of Chaffey College, the closest of 20 universities and colleges in the region, and within a one-mile radius from numerous retail amenities and industrial sites.

Nick Walker and Trevor Roberts with CBRE represented the seller, Legacy Interests LLC, a private investor. According to Roberts, the price per square foot in this latest deal illustrates the incredibly high demand for storage facilities in good locations.

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