JLL Capital Markets recently oversaw the sale of Bear Valley RV Park and Self Storage, a large self-storage facility in Hesperia’s Inland Empire community. The 726-unit property was sold to Merit Hill Capital, a New York City-based real estate investment firm specializing in self-storage.
According to Brian Somoza, managing director of JLL Capital Markets’ Self-Storage team, self-storage has proven to be a resilient asset class with consistent performance compared to other types of investments over the past five-, 10-, and 15-year periods. This made Bear Valley an attractive opportunity for investors due its location and strong track record in California’s growing market.
The facility is situated on a spacious 49.6-acre site at 18435 Bear Valley Rd., which sees high daily traffic volume with over 52,500 vehicles passing by each day. It also benefits from its proximity to Interstate-15 – one of the major highways connecting Las Vegas, Salt Lake City, and Canada – making it easily accessible for customers.
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