Diablo Mini Storage
Escondido, CA
Executive Summary
CBRE’s Self Storage Advisory Group has been retained by ownership as the exclusive agent to market the sale of Diablo Mini Storage in Escondido, CA. This investment represents a unique opportunity to acquire a generational asset from ownership that has been in place since the property’s development in 1984. Diablo Mini Storage includes 66,995 net rentable square feet of storage distributed across 690 units offering ground level drive-up as well as walk-up storage units. The property currently offers 24-hour monitoring via the Verkada security camera system, automated entry gate with keypad, staffed leasing office with retail sales of boxes and supplies as well as an on-site residential unit. Recent capital improvement projects include security camera system, roofs, concrete drive aisles and perimeter fencing. The facility is strategically positioned on a large 4.1 acre parcel at the heart of a diversified residential community including single family, multi-family, senior living and mobile home communities in the immediate area. This submarket offers highly desirable demographics metrics, with population density of 227,261 people and average household incomes of $137,049 within a 5-mile radius.
The community of Escondido, California is emerging as a dynamic hub for economic growth and innovation in North San Diego County. Escondido boasts a diversified economy driven by key sectors such as healthcare, advanced manufacturing, agriculture and agtech, cleantech, and retail. Escondido supports a vibrant academic community, with five colleges serving the local community. Looking ahead, Escondido is experiencing a surge in development activity, including mixed-use residential and commercial projects. These projects reflect a commitment to revitalization and are expected to generate hundreds of new jobs and millions in investment. With its strategic location, diverse industries, and forward-looking development plans, Escondido is well-positioned for sustained economic expansion and community enrichment.
Investment Highlights
Team
Brokerage Team
CBRE Self Storage Advisory Group provides personalized and tailored services, backed by the nation’s foremost experience and technology, driving successful real estate outcomes for individual and institution investors alike. As the industry leader in self-storage advisory, we bring unmatched buyer exposure and market knowledge to each transaction, delivering maximum value to clients.
With more than $8.8 billion in consideration and over 53.8 million square feet sold since 2009, this self storage team led by Nick Walker offers customized investment sales, acquisition and recapitalization services, together with industry-leading market intelligence, to provide unmatched exposure to buyers across the country. By leveraging the strength of CBRE’s Self Storage Advisory Group, in conjunction with market research, a seamless execution process and long-standing relationships, the team can anticipate trends and command capital globally, validating CBRE’s Self Storage Advisory Group as the safest and best choice for results in the global investment property capital market.
