Introduction of Ordinance to Approve
Lease with Rhoads Property Holdings,
LLC, DBA CSI Mini-Storage For
Premises Near W. Hornet Avenue in
Alameda Point
January 6, 2026
CSI Mini-Storage
Natel Energy
• Southeast segment of Alameda Point, near Encinal
High School and within the “Enterprise District.”
• Includes approximately 70,989 square feet of land
and parking areas, and
• Former Navy structures identified as Buildings 338,
608, and 608 A-C.
• Cargo containers and small overhangs added by
CSI over the years of their operation.
• Approximately 9.59 acres in total.
The facility is located at 50 and 51 W. Hornet Avenue in Alameda Point Storage uses are not a desired long-term use of the premises, but will continue to generate lease revenue, and the short-term nature of the new lease will not interfere with the City’s plans for future redevelopment of the Enterprise District with more job-intensive uses.
Encinal HS
CSI Mini-Storage
3 CSI Mini-Storage has been operating at Alameda Point since 2005 and is in good standing • Utilizes former Navy structures that provided storage when the base was in operation.
• CSI’s Alameda location supports approximately 10 jobs in maintenance, security and business operations management. • Typically, there are two employees regularly working on-site. • Temporary storage provides a service to many in the
community, and a large portion of customers are local to Alameda.
• The use is consistent with General Plan policies for Alameda Point and the Enterprise-1 subdistrict and consistent with the Alameda Municipal Code zoning requirements for the
property.
HOURS OF OPERATION:
Office: Mon-Sat 9:30 AM-5PM
Gate is accessible to customers:
Mon-Sat 7AM to 9PM
Use: Warehouse, beverage distribution, food grade equipment leasing, maintenance and repair, beverage bottling, and retail fountain bar
Premises: Interior space plus non-exclusive vehicular access and parking & exterior yard area Term: twenty-five (25) months to be coterminous with adjacent leases.
Rent: $14,198 per month w/ 3% increase in year 2.
Tenant pays share of all services, utilities and taxes (including possessory interest taxes) As-is condition, no-rent credits
New Lease Terms
Months Monthly Rent Annual Rent
1-12 $71,015 $852,190
13-24 $73,145 $877,745
25-36 $75,339 $904,078
Total over 36 months = $2,634,013
• Use: Containerized self-storage and warehouse rentals. • Premises: 70,989 SF of land, plus multiple structures • Term: 36-months (3 years) w/ two 3-year renewal options • Monthly Base Rent: $71,015 w/ annual 3% increases
• Reflects a 9.25% increase to the current Monthly Base Rent • Tenant is responsible for all utilities, taxes and fees • Includes Right to Terminate with six (6) months prior notice, offers flexibility for both parties. • Lease reflects Fair market value (FMV) for the storage use, with a shorter-term duration and termination right.
Will contribute significant base lease revenues of $2,634,013 over three years into the Alameda Point Fund to support the operating expenses for City-owned Alameda Point properties.
Approve the first reading of the ordinance authorizing the Interim City Manager to execute the new lease with CSI on the terms described in the staff report. • While storage uses are not a desired long-term use of the premises; the proposed lease will continue to generate revenue to Alameda Point. • The short-term nature of the lease and termination right will not interfere with the City’s plans for future redevelopment of the Enterprise District with more job- intensive uses.
• Tenant will continue to maintain the property as occupied, thus reducing security concerns at Alameda Point.
Recommendation