CubeSmart Self Storage (Managed)
Ridgecrest, CA
Asking price
Price not disclosed
Units
—
Cap rate
—
Price / unit
—
About this property
PRIME RETAIL LOCATION // Strategically positioned at the highly visible intersection of South China Lake Boulevard and Bowman Road, the facility benefits from exceptional frontage along Ridgecrest’s primary commercial corridor. The property is located directly across from the area’s only Walmart Supercenter and is surrounded by a strong lineup of national retailers, including Albertsons, Tractor Supply Co., Panda Express, and numerous other daily-needs destinations. INSTITUTIONAL-QUALITY ASSET // Redeveloped from a former Walmart retail center in 2022, the property features 455 climate-controlled units encompassing 48,378 net rentable square feet. As the only REIT-managed self-storage facility in the Ridgecrest trade area, CubeSmart (Managed) offers a differentiated, Class A storage product with limited direct competition. PROVEN LEASE-UP MOMENTUM // Since opening, the facility has demonstrated strong lease-up performance driven by the market’s limited supply of climate-controlled storage. As one of only two climate-controlled facilities in Ridgecrest, the property has successfully attracted demand from both residential and commercial users seeking a premium storage solution. STABLE DEMAND DRIVERS // Ridgecrest benefits from a diverse demand base supported by Naval Air Weapons Station China Lake, one of the region’s largest employers and a major hub for military and defense-related personnel. Additionally, the city serves as a key gateway to Death Valley National Park, attracting nearly one million annual visitors and providing an additional source of transient storage demand. property summary CubeSmart Self Storage (Managed) is a 48,378 net rentable square foot Class A self-storage facility located in Ridgecrest, California. Originally constructed in 1991 and redeveloped from a former Walmart retail center in 2022, the property is situated on approximately 7.21 acres and features 455 climate-controlled units located on the ground floor. As the only REIT-managed self-storage facility in the Ridgecrest trade area, the property offers a differentiated institutional-quality storage option within the market. CubeSmart Self Storage (Managed) features controlled access through a digital keypad entry system, an on-site leasing and management office located at the property entrance, and 24/7 video surveillance throughout the facility. Additional amenities include a large paved parking area and a clean, well-maintained environment that enhances the property’s curb appeal and supports strong customer satisfaction, tenant retention, and long-term occupancy. Located on South China Lake Boulevard, Ridgecrest’s primary commercial corridor, the facility benefits from strong visibility and access within the city’s dominant retail trade area. The property serves a growing and affluent three-mile population of 29,817 residents with an average household income of $110,506, and is supported by the economic influence of nearby Naval Air Weapons Station China Lake, one of the region’s largest employers. The location offers convenient access to State Route 178 and is surrounded by a mix of national retailers, service providers, and established residential neighborhoods, making it a well-positioned commercial destination. Broker Information Dean Trammell Director Phone: 415.625.2138 Email: dean.trammell@marcusmillichap.com License: CA 02180807 Adam Schlosser Executive Managing Director Phone: 303.328.2044 Email: aschlosser@marcusmillichap.com License: CO FA100050407 Tony Solomon Broker of Record Phone: 310.909.5500 Email: tonysolomonBOR@mmreis.com License: 01238010 Download Marketing Package " * " indicates required fields Company This field is for validation purposes and should be left unchanged. First Name * Last Name * Email * Phone * Title Company What is your role in the industry?
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | Price not disclosed |
|---|---|
| Building size | 48,378 sq ft |
| Address | 911 South China Lake Boulevard |
| First seen by UnitListed | Sep 6, 2026 |
| Source page last checked | Oct 14, 2026 |
Before you call the broker
10 things are not disclosed on this listing. These are the questions that would close the gap — specific to a storage facility, not a generic list.
Asking price — not disclosed
What is the asking price, and is it firm or inviting offers?
Everything else is measured against it. A price on request is normal, but it means you cannot screen this against your budget yet.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Unit mix and rent roll — not disclosed
Can you provide the current rent roll with unit sizes, quoted rates and actual rates?
Quoted rates and collected rates diverge in storage more than in most assets. The rent roll shows which one the NOI is built on.
Physical vs economic occupancy — not disclosed
What is physical occupancy, and what is economic occupancy?
A facility can be 92% full and still be collecting far less, through concessions and delinquency. Physical occupancy alone flatters the deal.
Climate-controlled share — not disclosed
How many units are climate-controlled, and what is the rate premium?
Climate-controlled space earns more per square foot and costs more to run. The mix changes both sides of the model.
Expansion land and entitlements — not disclosed
Is there expansion land, and has anything been entitled or permitted?
Often the whole thesis in storage. Also the difference between a plan and a permit.
How it is managed today — not disclosed
Is this staffed, remotely managed or unmanned, and does a management contract transfer?
Decides whether the expense line you are shown survives the sale.
Currency of the asking price — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 6, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Oct 17, 2026Status changedactive → stale (source absence)
- Sep 6, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
