City Storage
San Francisco & Emeryville | Offering Memorandum
Core San Francisco Bay
Self-Storage Assets
MATTHEWS™
Portfolio Overview
Rare Core Bay Area Portfolio Scale
An irreplaceable opportunity to acquire a ±129,167 NRSF portfolio with 2,964 total units spanning two high-performing, infill self-storage assets in San Francisco and Emeryville. Both locations sit in dense, high-barrier urban markets protected by severe development restrictions.
Diversified Operating Footprint
Reliable cash flow across 2,305 storage units, 659 specialized wine storage units, and 3 commercial units (1 retail, 1 apartment, 1 office space in Emeryville).
Durable In-Place Operations
500 Indiana Street operates at 86% physical and 109% economic occupancy; 4004 Adeline Street demonstrates exceptional performance in a tightly supplied trade area.
Constrained Supply, High Barriers
Both submarkets share an identical core strength: extreme entitlement barriers, land scarcity, and high development costs that severely restrict competitive self-storage deliveries.
