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The Hatcher Coe Group of Marcus & Millichap is pleased to exclusively offer for sale Lake Isabella, California Two Property Portfolio. The portfolio features 388 non-climate-controlled units totaling 68,387 net rentable square feet. They also offer 42 parking spaces for rent. The facilities have had strong historical occupancy rates and has a combined physical occupancy of 90%. Both properties are fully fenced with keypad, gated entrances, on-site management offices, and 24-hour video surveillance.

The facilities are located in Lake Isabella less than a mile apart from each other and about 100 miles from Los Angeles, California. They are conveniently located just off California State Route 178 which serves to connect Bakersfield with Lake Isabella. Lake Isabella Boulevard is a busy street with many restaurant and retail stores. This offers both Downtown Storage & RV and Lakeside Storage great street frontage and daily traffic counts of around 3,750 cars per day and 7,900 cars per day off Lake Isabella Boulevard, respectively.

Lake Isabella, California Two Property Portfolio is being offered for $4,900,000 or $71.65 per rentable square foot.

Population
In 2022, the population in your selected geography is 8,372. The population has changed by 15.9 percent since 2000. It is estimated that the population in your area will be 8,678 five years from now, which represents a change of 3.7 percent from the current year. The current population is 49.3 percent male and 50.7 percent female. The median age of the population in your area is 54.2, compared with the U.S. average, which is 38.6. The population density in your area is 107 people per square mile.

Households
There are currently 3,961 households in your selected geography. The number of households has changed by 19.2 percent since 2000. It is estimated that the number of households in your area will be 4,145 five years from now, which represents a change of 4.6 percent from the current year. The average household size in your area is 2.1 people.

Income
In 2022, the median household income for your selected geography is $28,391, compared with the U.S. average, which is currently $66,422. The median household income for your area has changed by 29.3 percent since 2000. It is estimated that the median household income in your area will be $32,470 five years from now, which represents a change of 14.4 percent from the current year.

The current year per capita income in your area is $22,210, compared with the U.S. average, which is $37,200. The current year’s average household income in your area is $46,829, compared with the U.S. average, which is $96,357.

Employment
In 2022, 3,295 people in your selected area were employed. The 2000 Census revealed that 54.0 percent of employees are in white-collar occupations in this geography, and 46.0 percent are in blue-collar occupations. In 2022, unemployment in this area was 8.0 percent. In 2000, the average time traveled to work was 16.7 minutes.

Housing
The median housing value in your area was $176,832 in 2022, compared with the U.S. median of $250,735. In 2000, there were 2,504 owner-occupied housing units and 818 renter-occupied housing units in your area. The median rent at the time was $350.

Education
The selected area in 2022 had a lower level of educational attainment when compared with the U.S averages. Only 3.6 percent of the selected area’s residents had earned a graduate degree compared with the national average of 12.3 percent, and 8.5 percent completed a bachelor’s degree, compared with the national average of 19.7 percent.

The number of area residents with an associate degree was higher than the nation’s at 10.0 percent vs. 8.4 percent, respectively.

The area had more high-school graduates, 38.4 percent vs. 27.1 percent for the nation. The percentage of residents who completed some college is also higher than the average for the nation, at 24.4 percent in the selected area compared with the 20.4 percent in the U.S.

■ Lake Isabella, CA Two Property Portfolio
■ 68,387 Combined Net Rentable Square Feet
■ 388 Combined Non-Climate Controlled Units
■ 42 Outdoor Parking Spaces
■ Close Proximity to California State Route 178
■ Strong Historical Occupancy:
Downtown Storage & RV: 86.42% Physical Occupancy
Lakeside Storage: 93.29% Physical Occupancy
■ Daily Traffic Counts: 3,750 Cars/Day and 7,900 Cars/Day off Lake Isabella Blvd

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