A+ Storage
Costa Mesa, CA
Executive Summary
CBRE's Self Storage Advisory Group has been retained as the exclusive advisor to sell A Plus Storage in Costa Mesa, California. This offering represents an extremely rare opportunity to acquire an existing storage facility located in the highly sought after SOuthern California coastal community. A Plus Storage consists of 292 storage units with an attractive mix of ground level drive up units as well as two floors of interior climate controlled storage options distributed across 12,179 net rentable square feet. The facility offers attractive amenities including 24hr security camera surveillance, automated gate access, moving truck rentals and retail options including boxes/moving supplies available for purchase.
Costa Mesa, CA, is a thriving community which represents an integral portion of the greater Los Angeles-Long Beach-Orange County, CA Metropolitan Statistical Area (MSA), a region consistently ranked among the nation’s top-performing metro areas. The L.A.-O.C., MSA is a global economic titan, boasting a dynamic and diverse economy with a GDP of approximately $1.3 trillion as of late 2024—ranking number two nationally for GDP production amongst all domestic MSA's. Its strategic coastal location, anchored by the Ports of Los Angeles and Long Beach, positions it as a critical hub for international trade, handling billions in goods annually and linking the U.S. to thriving markets across Asia and beyond. Beyond trade, the MSA dazzles with cultural richness and economic versatility, from the glitz of Hollywood’s entertainment industry to the innovation of “Silicon Beach” tech giants. This blend of commerce, creativity, and connectivity fosters a resilient and forward-thinking region that attracts businesses, residents, and visitors alike.
A Plus Storage benefits greatly from its prime location along Newport Boulevard in the city of Costa Mesa. This facility offers convenient accessibility for patrons and receives an incredibly high level of visibility with 28,000 vehicles daily along the frontage road, Newport Boulevard, and California State Route 55 that runs parallel to Newport Boulevard provides an additional 141,000 vehicles per day. The dense in-fill submarket showcases stellar demographics: within a 5-mile radius, you have a population count of 436,087 residents with an average household income of $163,451, reflecting the affluence and economic vitality of the community. The region’s growth trajectory is equally impressive, with 19,032 residential units in the development pipeline within that same radius, promising an influx of new residents and sustained demand for services. The MSA’s future is bolstered by transformative projects like the expansion of the Los Angeles Metro system, upgrades to Los Angeles International Airport (LAX), and a $100 billion investment in infrastructure ahead of the 2028 Summer Olympics.
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 $6.5 billion in consideration and over 45 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.
