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.


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.


Upscale Car and Storage Condos

That’s where Garage Unlimited of Monterey comes in.
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