5878 Silver Creek Valley Rd, San Jose, CA 95138

Edenvale Self Stroage is an opportunity to build a Permit Ready self-storage project within an underserved area within the San Jose, California MSA. With under two square feet of supply per capita within a 3-mile radius and very limited supply (with an estimated net shortage of approximately 330,000 rentable SF) to the south or east, this is an excellent opportunity to build a new, class A, multi-story, climate controlled facility within San Jose, “The Capital of Silicon Valley”. The fully permitted project allows for a minimum of 149,270 SF gross building size with a proposed rentable area of 99,998 SF. The site located at 5878 Silver Creek Valley Rd in South San Jose is 2.863 acres, at the intersection of Hellyer Ave and Silver Creek Valley Rd.

Sale Note
Investment Highlights:
• Professionaly managed by Extra Space Storage
• LEED Silver Permit Ready projects, with permits at City of San Jose planning department
• Class A investment opportunity with 99,998 NRSF in 1,114 units including 99 wine storage lockers
• Projected stabilized NOI of $2,319,564
• 50% climate controlled units
• 99 wine storage lockers
• 1.60 SF/capita total supply in 3-mile submarket trade area (Yardi Matrix 2/10/2020)
• At intersection of Silver Creek Valley Blvd and Hellyer Ave in South San Jose

Based on the permitted design with 99,998 NRSF year 4 stabilized NOI is estimated at $2,319,564, offering an implied value of $46,000,000 (5.0% CAP rate).