MAY 2024 -- Storage Corner Group, a Bay Area based regional self storage investor and operator, recently entered into a long-term master lease on an existing self storage property located at 27911 Industrial Boulevard in Hayward, California. The property represents Storage Corner Group's eighteenth successful self-storage acquisition and third self-storage acquisition in the California Bay Area. The property, rebranded as "Storage Corner Hayward," will be operated by Storage Corner Group's in-house property management team and contains approximately 20,000 gross square feet, spanning 216 units and outdoor parking spaces. Storage Corner Group worked collaboratively to structure a mutually beneficial transaction to meet the timing, cash flow, and management needs of the existing property ownership. Aligning with Storage Corner Group's core investment thesis, the property has a value-add business plan and will undergo a significant renovation to improve its competitive market positioning.
Last year Storage Corner Group made self-storage acquisitions in Pacifica, CA (San Francisco Bay Area), Ivins, UT (St George MSA), and is working to complete several others across the Mountain West. Storage Corner Group's current portfolio spans in excess of 850,000 square feet of self-storage and small-bay light-industrial properties, across California, Utah and Idaho.
For more information on Storage Corner Group, including additional information on current and future projects, visit www.StorageCornerGroup.com.
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