facebook
Traded Co logo
Submit
Daily limit: 0/10

Jay Ahluwalia Of Storm Properties Inc. Acquires Self Storage And Retail Asset In Escondido For $10.5M

Property Image
SOLD
$10,500,000

California

See Similar Deals
Self Storage50,025 SF
Sold 01/31/2025
the dealdetailscomps
Property Image
SOLD

Jay Ahluwalia Of Storm Properties Inc. Acquires Self Storage And Retail Asset In Escondido For $10.5M

520 West Valley Parkway

See Similar Deals
Self Storage50,025 SF
Sold 01/31/2025
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Self Storage
Price Per Square Foot:$209
Total Square Footage:50,025 SF
Transaction Type:Sale

A self-storage and retail asset located at 510 and 520 West Valley Parkway in Escondido, California has been sold for $10,500,000. The property encompasses 50,025 square feet, including 37,125 square feet of storage buildings and a 7,000 square-foot retail strip. Additionally, there is a 5,900 square-foot pad designated for future retail development. The asset features 262 storage units, with 97% occupancy, and the retail space is fully leased.

Summary of transation details:

  • Property Type: Self Storage & Retail
  • Transaction Amount: $10,500,000
  • Square Footage: 50,025
  • Price Per Square Foot: $210
  • Buyer: Jay Ahluwalia - Storm Properties Inc.
  • Market: Escondido

In this transaction, Jay Ahluwalia represented Storm Properties Inc. in acquiring the aforementioned property, which includes both self-storage facilities and retail components, highlighting the company's investment strategy in the Escondido market.

Details

SOLD
IMAGE: Jay Ahluwalia DATE: 01/31/2025 ADDRESS: 510 & 520 West Valley Parkway MARKET: Escondido ASSET TYPE: Self Storage & Retail BUYER: Jay Ahluwalia - Storm Properties Inc. SALE PRICE: $10,500,000 SF: 50,025 ~ PPSF: $210 NOTE: Storm Properties Inc. acquired a $10.5 million self-storage and retail asset in Escondido, California, featuring 37,125 square feet of storage buildings, a 7,000 square-foot retail strip, and a 5,900 square-foot pad for future retail. The property, located at 510 and 520 W. Valley Parkway, includes 262 storage units and fully leased retail space, with 97% of storage units occupied.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$559,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28