The subject property is located at 141 N. Chester Avenue, Bakersfield, California 93308. The subject property, a 1.71-acre (74,640 SF) land parcel and planned self-storage development project. The subject property will be a major qualitative addition to the existing self-storage market and will be the premier self-storage facility in the market. The average age of self-storage facilities in the market is twenty-nine years. In addition, there is extremely limited climate-controlled self-storage in the market, with only one climate-controlled facility in the market. The three-mile population is 90,371 and the five-mile population is 229,477.
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