Garage Unlimited of Monterey Starts 2016 on a Hot Streak

More than 50% of square footage has been snapped up
in a few months at the unique garage condo facility

If you own one or more restored, concours-grade automobiles that you regularly show, or exotic or high-performance cars for racing or open track-driving days, then you undoubtedly already know this fact: finding somewhere to safely and securely store them is a big hassle!

And here’s why — there’s an extraordinary scarcity of the flex industrial space that’s ideal for this purpose. The scarcity of this type of space can be attributed to a number of factors:

  • Developable land that comes with water rights is in very short supply in the Monterey area.
  • The last time a light industrial building was built locally to address these needs was in the mid-1990s.
  • While office vacancy was recently in the 12% to 15% range, industrial vacancy is likely at 1% or less, contributing to the squeeze on space.
  • Getting automotive uses approved for new space can be very difficult. Planning departments are hesitant to green light automotive uses, so most property owners just avoid it.

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Driven to Mini-Storage

The lack of storage space for high-value autos, as well as motorcycles, boats, large motor coaches, and personal and business items has driven some to look at mini storage facilities. But there’s a problem with this option as well. Most mini storage facilities are full, and there are long waiting lists to rent the larger units with drive-in, roll-up doors. The owners of mini-storage units are constantly calling their existing renters because some users of multiple units need even more space.

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Upscale Car and Storage Condos

That’s where Garage Unlimited of Monterey comes in.
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The upscale development near the Monterey Airport offers car collectors, track-driving enthusiasts, and anyone who simply needs additional garage storage space precisely what they’re looking for.

  • A total of 46 car and storage condos that you’ll own — not rent — representing an ideal investment opportunity in today’s low-interest-rate environment
  • A range of square footages from just over 1,100 sq. ft. to more than 1,500 sq. ft. in the remaining inventory (30 of the 46 units representing well more than 50% of the approximately 65,000 sq. ft. of space are already sold!)
  • Soaring ceiling heights of up to 26 ft. with generous roll-up doors that are 10-12 feet wide by 14 feet high to let you easily drive in and out of your unit
  • Every unit includes a mezzanine area overlooking the garage floor — many of the owners are planning to use these mezzanines to create personal retreats with large-screen TVs, custom bars, and other amenities that will be ideal for viewing auto races and other sports
  • All units will be pre-wired with high-speed Cat 6 Ethernet for Internet and phone service, with Comcast cable access also available
  • The fenced complex features access-controlled entry gates, video security and abundant lighting — as well as conveniences such as on-site air, water and an RV dump station

For additional information about Garage Unlimited of Monterey, please contact Ernie Lostrom of Lostrom & Company, at (831) 646-1000, or email ernie@lostrom.com.