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Joshua Tree Self Storage Development Opportunity
62735 29 Palms Highway, Joshua Tree, California 92252
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Property Info
Price: $675,000
Units: 324
Year Built: N/A
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Download Marketing Package
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Broker Contact Info
Tasso Douglas
650.391.1818
Tasso.Douglas@marcusmillichap.com
Opportunity
The Market
Investment
Map
Joshua Tree, CA Self Storage Development Opportunity with Upside
POPULATION
In 2023, the population in your selected geography is 9,330. The population has changed by -10.23 since 2010. It is estimated that the population in your area will be 9,242 five years from now, which represents a change of -0.9 percent from the current year. The current population is 50.4 percent male and 49.6 percent female. The median age of the population in your area is 41.0, compared with the U.S. average, which is 38.7. The population density in your area is 119 people per square mile.
HOUSEHOLDS
There are currently 3,996 households in your selected geography. The number of households has changed by -7.20 since 2010. It is estimated that the number of households in your area will be 3,984 five years from now, which represents a change of -0.3 percent from the current year. The average household size in your area is 2.3 people.
INCOME
In 2023, the median household income for your selected geography is $43,589, compared with the U.S. average, which is currently $68,480. The median household income for your area has changed by 32.69 since 2010. It is estimated that the median household income in your area will be $49,781 five years from now, which represents a change of 14.2 percent from the current year.
The current year per capita income in your area is $27,436, compared with the U.S. average, which is $39,249. The current year’s average household income in your area is $63,123, compared with the U.S. average, which is $100,106.
EMPLOYMENT
In 2023, 3,302 people in your selected area were employed. The 2010 Census revealed that 57.2 percent of employees are in white-collar occupations in this geography, and 22.6 percent are in blue-collar occupations. In 2023, unemployment in this area was 6.0 percent. In 2010, the average time traveled to work was 30.00 minutes.
HOUSING
The median housing value in your area was $196,611 in 2023, compared with the U.S. median of $268,796. In 2010, there were 2,686.00 owner-occupied housing units and 1,620.00 renter-occupied housing units in your area.
EDUCATION
The selected area in 2023 had a lower level of educational attainment when compared with the U.S averages. Only 6.2 percent of the selected area’s residents had earned a graduate degree compared with the national average of 12.7 percent, and 15.8 percent completed a bachelor’s degree, compared with the national average of 20.2 percent.
The number of area residents with an associate degree was higher than the nation’s at 8.7 percent vs. 8.5 percent, respectively.
The area had fewer high-school graduates, 23.9 percent vs. 26.9 percent for the nation, but the percentage of residents who completed some college is higher than the average for the nation, at 32.9 percent in the selected area compared with the 20.1 percent in the U.S.
• Joshua Tree, CA Self Storage Development Opportunity with Upside
• Proposed Development of Six Storage Buildings and One Office
• Proposed 29,700 NRSF Consisting of 324 Non-Climate Controlled Units
• Excellent Visibility Along 29 Palms Highway (CA-62)
• Extremely High Traffic Counts: ~18,000 Cars/Day
• Low Competition: Only 1 Other Facility Located Within a 5-Mile Radius