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Listed by:HomeSmart Elite Brokers • Dave Shinabarger
$ 949,900
Est. payment | /mo
0.6 Acres Lot
$ 949,900
Est. payment | /mo
0.6 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Richland
MLS Listing ID 2580312
Style 61 - Comm Bldg Ovr 10K
Year Built 1978
Annual Tax Amount $3,628
Lot Size 0.600 Acres
Lot Dimensions 110x279x99x249
Property Sub-Type Commercial Industrial
Property Description
This Self Storage Facility presents an outstanding opportunity to acquire a well-established income-producing asset in the rapidly growing West Richland market. The 90-unit self-storage facility offers strong in-place cash flow with significant upside potential through continued occupancy growth, operational modernization, and strategic improvements. Currently operating atapproximately 85% physical occupancy, the property features a highly functional unit mix designed to serve a broad range of residentialand commercial storage users. A standout feature is that every unit is equipped with individual power access, an amenity frequentlynot found in many competing facilities. The facility offers easy customer access with wide drive aisles, strong street visibility, and aconvenient location near expanding residential neighborhoods and major commuter corridors.The facilityoffers easy customer access with wide drive aisles, strong street visibility, and a convenient location near expanding neighborhoods and major commuter corridors. Thelist price reflects a cap rate of just over 7%, presenting investors with anattractive yield opportunity in an increasingly competitive self-storage sector. Additional value-add potential exists through security andtechnology enhancements, including online payment system and a website. The property also includes an easement area for theadjoining property's well head. Contact Listing Broker for financial information, rent roll, and showing instructions
Location
State WA
County Benton
Area 244 - Benton County
Interior
Flooring Concrete
Fireplace false
Exterior
Exterior Feature Brick
Roof Type Composition
Building
Sewer Available
Water See Remarks
Others
Senior Community No
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