Updated Oct 31, 2025
An Extra Space Storage Facility Sells For $18.8 Million In Fremont Represented By The Levin Johnston Team
38491 Fremont Boulevard
$18,800,000
$376/SF
Building Size
49,922 SF
Asset Type
Self Storage
Closing
Oct 24, 2025
About this deal
AI
An Extra Space Storage facility located at 38491 Fremont Boulevard in Fremont has been sold for $18.8 million. The property encompasses a total square footage of 49,922 and comprises 568 storage units, achieving a price per unit of $33,099 and a price per square foot of $377.
Summary of transation details:
- Property Type: Self Storage
- Transaction Amount: $18,800,000
- Units: 568
- Square Footage: 49,922
- Price Per Unit: $33,099
- Price Per Square Foot: $377
The Levin Johnston team of Marcus & Millichap represented the private seller in this transaction and procured the institutional self-storage buyer for the property.
Players
Fremont Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93