This self-storage investment opportunity in Northern CA between the greater Chico and Red Bluff metro area. U-Lok Mini Storage enjoys a prime location close to Highway 5 and facing Old Highway 99W and offers exclusively drive-up units. This business has been established since the 1980s with a history of high occupancy and 4.6-star Google review. U-Haul rental sales have grown 5 times in our 2nd year of operation. It has 18,538 net rentable square feet with total 124 storage units, 8 outdoor RV 15x40 parking spaces (expandable), and 3 acres of additional land for expansion. A fully renovated 2 story apartment consists of one 2 bed 2 bath unit and one 1 bed 1 bath manager's unit both are rented. With the potential to apply for the 2-car garage conversion to create another 1 bed 1 bath unit. U-Haul Authorized Dealer business with trucks rental and moving supply sales. Free from flood and fire zones with very affordable commercial property and casualty insurance cost. This will be a great passive income property for multiple types of investors, whether it is retirees by living onsite and collecting stable monthly income streams or multifamily investors hybrid into a mature self-storage investment.
On I-5 freeway northbound collector ramp at Gyle Rd. on NE corner. Zoned C-3 with additional access on Truckee Rd. The El Camino Irrigation line runs from Gyle Rd. to orchard north of property. Power and Natural Gas lines run along Gyle and Truckee Rds. In 5 tax parcels but 1 legal parcel of 28+ acres.
The median home value in Gerber, CA is $256,000. This is lower than the county median home value of $300,700. The national median home value is $338,100. The average price of homes sold in Gerber, CA is $256,000. Approximately 38.2% of Gerber homes are owned, compared to 49.76% rented, while 12.04% are vacant. Gerber real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Gerber real estate agent to arrange a tour today!
Gerber, California has a population of 1,049. Gerber is more family-centric than the surrounding county with 33.76% of the households containing married families with children. The county average for households married with children is 28.65%.
The median household income for the surrounding county is $52,901 compared to the national median of $69,021. The median age of people living in Gerber is 45.4 years.
The average high temperature in July is 95.4 degrees, with an average low temperature in January of 37.1 degrees. The average rainfall is approximately 25.6 inches per year, with 0.8 inches of snow per year.