Extra Space Storage – Albuquerque, NM

Albuquerque, NM
A New Development

• Property Location: 9850 De Vargas Rd SW, Albuquerque, NM
• Square Footage: 84,525 square feet on a 4.79 acre lot
• Number of Units: 826 storage units

Extra Space Storage – Reno, NV

Reno, NV
A Value Add Acquisition

• Property Location: 2980 Kietzke Lane, Reno, NV
• Square Footage: 77,534 square feet on a 4.05 acre lot
• Number of Units: 522 storage units

Stockton Storage

Stockton, CA
A Value Add Acquisition 

• Property Location: 9023 Mariners Drive, Stockton, CA 

• Square Footage: 56,900 square feet on a 5.0 acre lot 

• Number of Units: 594 storage units 

Public Storage – Sonoma, CA

Sonoma, CA
A Value Add Acquisition

• Property Location: 19784 8th Street East, Sonoma, CA 95476
• Square Footage: 43,160 square feet on a 2.64 acre lot
• Number of Units: 343 storage units

Frontera Real Estate formed a joint venture with Westlake Urban Inc to create Frontera-West, a joint venture focused on self-storage acquisition and development opportunities in the western United States.

Frontera purchased this site in August of 2022 as a value add opportunity in a strong market with high barriers to entry.

Frontera-West currently owns this property and manages it under “Public Storage” brand.

Public Storage – West Valley City, UT

West Valley City, UT
Re-Position Opportunity

• Property Address: 7125 W 3500 S, West Valley City, UT
• Square Footage: 39,255 SF storage and retail on 2.71 acre site
• Number of Units: 267 storage units

Frontera Real Estate formed a joint venture with Westlake Urban, Inc to create Frontera- West, a joint venture focused on self-storage acquisition and development opportunities in the western United States.

Frontera-West purchased this value-add asset in December 2021. The property included 40,000 SF of storage behind a retail building that was also part of the transaction. Since acquiring the asset, Frontera-West has sold the retail parcel and completed a number of building improvements and painting / signage upgrades.

Frontera-West currently owns this property and manages it under “Public Storage” brand.

A Storage Place – San Diego, CA

San Diego, CA
An Entitlement & New Development

• Square Footage: 115,000 on a 2-acre site
• Number of Units: more than 1,200 storage units

Frontera plans to construct a state-of-the-art self-storage development in San Diego, CA. The site will include a six story facility with over 1,200 storage units with 115,000 rentable square feet in a heavily trafficked core location in the San Diego market.

Lancaster Storage Development – Lancaster, CA

Lancaster, CA
An Entitlement & New Development

• Property Location: 4700 block of 20^th St. W, Lancaster, CA
• Square Footage: 80,025 on a 3-acre site
• Number of Units: 716 storage units

Frontera purchased this site in July of 2022 to entitle, permit, and build a state-of-the-art self-storage development with a total of 716 storage units with 80,025 rentable square feet with 93,750 total gross square feet.

The property will include a modern office space as well as a cutting-edge security system. The newly built facility will be located in a heavily trafficked mixed-use commercial and residential area in central Lancaster.

Construction is targeted to begin in early 2023 following receipt of final approvals and permits. After a 12-month construction period, the facility is expected to open in early 2024.

Life Storage – Dixon, CA

Dixon, CA
Value-Add Opportunity

• Property Location: 1100 North 1st Street, Dixon CA
• Square Footage: 33,972 SF of storage and 134 RV spaces on a 4.13-acre site
• Number of Units: 558 storage units

Frontera Real Estate formed a joint venture with Westlake Urban, Inc to create Frontera-West, a joint venture focused on self-storage acquisition and development opportunities in the western United States.

Frontera-West identified Dixon as a target market due to the high residential growth in the area and under supply of storage to meet the growing demand. This asset is a value-add opportunity purchased in April 2022 . At the time of acquisition, the facility’s in-place rents were well below market, in addition to having several non-functional vehicles and a substantial amount of deferred maintenance.

Since acquiring the asset, Frontera-West has added 244 storage units to bring the rentable square footage from 34,000 to 58,000 and compelted substantial capital improvments to the proeprty.

Frontera West currently owns this property and manages it under “Life Storage” brand.

Public Storage – Magna, UT

Magna, UT
Re-position Opportunity

• Property Address: 3588 S 7200 W, Magna, UT
• Square Footage: 36,970 sf storage on a 1.8-acre site
• Number of Units: 316 storage units

Frontera Real Estate formed a joint venture with Westlake Urban Inc to create Frontera-West, a joint venture focused on self-storage acquisition and development opportunities in the western United States.

Frontera-West purchased this asset as a respositioning play in December 2021. The property unit mix includes large unit sizes, which are desirable but bring in substantially lower rent per square foot. By converting the units to smaller unit sizes, the asset’s has substantial upside.

Frontera-West currently owns this property and manages it under “Public Storage” brand.

Spring Valley Storage Center

Spring Valley, CA
A Value-Add Acquisition
A Case Study

• Property Address: 10786 US Elevator Rd, Spring Valley, CA 91978
• Square Footage: 63,000 sf on 4.4 acre site
• Number of Units: 524 storage units

The Principals of Frontera Real Estate took over management of Spring valley Storage Center in 2014. The property was made up primarily of old shipping containers converted into self-storage units. It had been neglected by prior management and had significant deferred maintenance.

Within 12 months of management, the site was cleaned up and revenue was up over 50%. The occupancy increased by 15 percentage points to a stabilized level and rents were up by over $.12 per square foot. Our team improved property aesthetics and security to make the entrance more convenient and inviting. In addition to aesthetic improvements, our team worked to add roughly 5,000 square feet of additional square footage. The web presence and marketing campaigns were also improved to drive increased traffic.

Through the institution of professional management, and taking a creative approach to a difficult property, our team was able to achieve exponential returns to the ownership group. The property was sold in May of 2018. Over the 3.5 year hold, annual revenue increased by over $275,000 per year and the property was improved to a level to be marketable to a much wider buyer pool.