Las Vegas Self-Storage QOZ Project by YourSpace America
Overview
This project will be a Class A, institutional quality, 158,783 GBA and approximately 116,255 NRA self-storage facility, with approximately 1,189 units and an estimated average unit size of 97.78 SF. The subject property is located in an Opportunity Zone at 120 West Owens Avenue, Las Vegas, Nevada 89106.
The 2.39-acre site is an easily accessible parcel in a densely populated residential and commercial area that sits adjacent to the I-15 and is visible to over 190,000 cars daily.
The subject property will be the highest quality self-storage facility in the market. The project will be a state-of-the-art Generation V storage facility.
The 2021 population within a five-mile radius of the site is over 500,000, and the population within the trade area is projected to increase 9.14% between 2021-2026. A consistently growing population, accessibility, visibility, and the fact that the average age of self-storage facilities within the 3-mile radius is 30+ years old with limited climate-controlled space, make this an extraordinary opportunity.
OZ Pitch Day Presentation
Investment details
- Minimum investment
- $25,000
- Status
- Open to Investors
- Investment type
- Single-Asset
- Sectors
- Self-Storage
- Locations
- Nevada
Property details
- Address
- 120 W Owens Ave, North Las Vegas NV 89106
- County
- Clark County
- Project type
- Ground-Up Development
- Units
- 1163
- Gross sq ft
- 158,844
- Lot size
- 2.39 acres
Location on the OZ map
The pin marks the property address; the shaded tract is its Opportunity Zone. Open the full map →
OZ designation
- Census tracts
- 32003003800
- Designation year
- 2018 (OZ 1.0 Tract)
- Tract type
- Non-Rural
- State incentives
- NV - No Capital Gains Tax