ProjectsSelf-StorageCarl CourtSanta Clarita, California
LaTerra acquired EZ Access Self-Storage in an off-market transaction from a mom-and-pop owner/operator. EZ Access Self-Storage, located in Santa Clarita, CA, was built in 2000 and spans 4.18 acres with 99,492 net rentable square feet. The facility includes 758 self-storage units averaging 123 square and 21 parking stalls. LaTerra’s value-add business plan focuses on repositioning EZ Access Self-Storage through professional management, operational optimization, and targeted capital improvements. Public Storage was engaged as the third-party manager to enhance revenue management, marketing reach, and customer service standards. The facility benefits from strong in-place occupancy and long customer tenure, yet meaningful upside remains through improved rate management and operational efficiencies given rents were well below market when the facility was acquired. Located in one of Los Angeles County’s strongest suburban markets, Santa Clarita is the third-largest city in the county and has experienced steady population growth of approximately 2.7% annually over the past decade, now exceeding 220,000 residents. The city benefits from high household incomes (averaging $141,000), strong educational attainment, and ongoing residential expansion from major master-planned communities such as Newhall Ranch and Vista Canyon, both of which are driving long-term housing and population growth. With high barriers to new development and limited competitive supply in Santa Clarita, the asset is well-positioned for long-term value creation. |
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