Updated Aug 5, 2025
Keith Wasserman Of Gelt Venture Partners Acquires 678-Unit Self Storage Facility In Napa
1025 Golden Gate Drive
Building Size
72,400 SF
Asset Type
Self Storage
Closing
Jul 31, 2025
About this deal
AI
The self-storage facility located at 1025 Golden Gate Drive in Napa, CA features 678 units within a 72,400 square foot structure, situated on a 4.27-acre lot. The property is currently 90% occupied and has been rebranded as Public Storage following its acquisition.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: Undisclosed
- Units: 678
- Square Footage: 72,400
- Address: 1025 Golden Gate Drive
- Market: Napa
- Acres: 4.27
- Buyer: Keith Wasserman - Gelt Venture Partners
- Broker: Matthews Real Estate Investment Services
Keith Wasserman, representing Gelt Venture Partners, focuses on value-add strategies by targeting under-managed properties in high-demand California locations with limited competition, as exemplified by this acquisition.
On the Map
Self Storage
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Napa Self Storage Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93