Bakersfield, CA Self-Storage Development
Managed by YourSpace America, Inc. · Self-storage · Opportunity Zones in California
A single 813-unit climate-controlled self-storage development on a 1.71-acre OZ-designated parcel at 141 N Chester Ave in Bakersfield. The competitive set is aging — average facility in the 5-mile radius is 39 years old, only two are climate-controlled, in a city that ranks among the 10 warmest in America. Sponsor projects 22.8% IRR / 6.78x equity multiple over a 10-year hold; $5.7M raise.
Overview
Ground-up self-storage development on a 1.71-acre (74,640 SF) parcel at 141 N Chester Avenue, Bakersfield, California. The site sits within a designated low-income community Opportunity Zone (Census Tract 06029002000).
Business plan: develop a fully climate-controlled self-storage facility of approximately 108,828 GBA / 80,702 NRSF, with approximately 813 units and a 1,225 SF office. The facility is designed as an institutional-quality Generation V self-storage building with state-of-the-art security and coded electronic customer access.
At a glance
Targets are sponsor-stated and not guaranteed.
Investment thesis
The average age of self-storage facilities in the 5-mile radius is 39 years, with only two climate-controlled facilities in the market. The subject property is positioned as a premier, modern, climate-controlled offering in an under-served market.
Bakersfield population continues to grow (~2.0% YoY), and the city ranks 9th-largest in California. The 3-mile population is 91,598 and the 5-mile population is 231,267 per sponsor materials.
Climate-controlled storage commands premium pricing in the Bakersfield market, where average 10x10 rates have outpaced national averages. Bakersfield is among the 10 warmest cities in America, supporting structural demand for climate-controlled units.
Geographic focus
Single-asset development at 141 N Chester Ave, Bakersfield, CA 93308 — designated Opportunity Zone, Census Tract 06029002000 (Low-Income Community).
Investor timeline
Sponsor
YourSpace America, Inc. . Investment vehicle focused on the acquisition, development, and repositioning of self-storage facilities; the repurposing and conversion of existing commercial, retail, and industrial buildings into institutional quality self-storage; and the construction of ground-up state-of-the-art self-storage facilities. Per sponsor materials: senior management has collectively acquired, refinanced, and sold real estate assets in transactions totaling over $2 billion, inclusive of self-storage.
Leadership team
The people responsible for acquiring and managing the fund's assets.
Key risks
- Illiquid for ~10 years. No public market for shares; plan to leave capital invested for a decade.
- Returns are targets, not guarantees. Real estate can underperform; you could receive less than invested.
- Tax benefit requires the full hold. The appreciation exclusion applies only at 10+ years.
- Single-asset, single-property concentration risk.
- Pre-construction development risk: building permit not yet issued (targeted Q1 2026).
- Self-storage market saturation in the longer term.
- Local demand sensitivity to Kern County economic cycles (oil/gas, agriculture).
- Single-sponsor execution risk. Outcomes depend on YourSpace America, Inc.'s acquisition and management. Past performance does not guarantee future results.
Model your return
Compare this fund's after-tax outcome against paying the tax and investing elsewhere.
Hypothetical scenarios. Not a forecast. Past performance does not predict future results. Target IRR is sponsor-stated; actual returns may differ materially. S&P 500 baseline uses 10% historical nominal; T-bills 4% nominal. State tax: California 13.30%. Federal LTCG 20% + 3.8% NIIT applied to appreciation at exit on non-OZ paths. QROF appreciation tax-free after 10-year hold per IRC § 1400Z-2. Not investment advice; not an offer to sell securities.
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