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Under Contract
Stor-N-Lok
$21,951/unit
Listing Contacts
License: WA 873009985
Under Contract
Property is under contract
Address
8417 Myers Rd E, Lake Tapps, WA 98391
Show on MapDate Added
Jun 18, 2024
Days on Market
276 days
Time Since Last Update
11 days
Details
Property TypeSelf Storage
Investment TypeStabilized
Investment Sub TypeInvestor
Square Footage26,783
Occupancy89%
Units205
Year Built1972/1979
Buildings8
Stories1
Lot Size (acres)1.58
Broker Co-OpYes
Marketing Description
NAI Puget Sound Properties is pleased to offer for purchase the Stor-N-Lok Self-Storage located in Bonney Lake, Washington. Stor-N-Lok Self-Storage offers storage options conveniently located at the west entry to Bonney Lake and fronting Highway 410. This Bonney Lake location provides easy access to Lake Tapps, Puyallup, and Kent Valley. Stor-N-Lok Self-Storage includes 205 self-storage units, 6 RV/Boat parking, 1 commercial office unit, and 18 mailboxes. In addition, there is an office/living unit for the resident manager. Investment and property highlights are the following:
• Stabilized Income Producing Property with Historic High Occupancy
• Drive-up Ground Level Access to All Storage Units
• Additional Income from Mailbox, RV/Boat Parking, and Office Space Rentals
• Low Maintenance Steel Roof and Siding
• Excellent Visibility and Signage along State Route Highway 410
• Good Access to Major Arterials including State Route 167, 162 and 410
• Comprehensive Security Monitoring System
• On-site Leasing Office and Resident Manager Apartment
• Bonney Lake Restricts Development of New Self Storage Projects Capping New Supply
but Allows Redevelopment of Existing Projects
• Excellent Demographics & Growing Surrounding Population: Average Household Income
Within One, Three, and Five Miles is Above the National Average
Investment Highlights
NAI Puget Sound Properties is pleased to offer for purchase the Stor-N-Lok Self-Storage located in Bonney Lake, Washington. Stor-N-Lok Self-Storage offers storage options conveniently located at the west entry to Bonney Lake and fronting Highway 410. This Bonney Lake location provides easy access to Lake Tapps, Puyallup, and Kent Valley. Stor-N-Lok Self-Storage includes 205 self-storage units, 6 RV/Boat parking, 1 commercial office unit, and 18 mailboxes. In addition, there is an office/living unit for the resident manager. Investment and property highlights are the following:
• Stabilized Income Producing Property with Historic High Occupancy
• Drive-up Ground Level Access to All Storage Units
• Additional Income from Mailbox, RV/Boat Parking, and Office Space Rentals
• Low Maintenance Steel Roof and Siding
• Excellent Visibility and Signage along State Route Highway 410
• Good Access to Major Arterials including State Route 167, 162 and 410
• Comprehensive Security Monitoring System
• On-site Leasing Office and Resident Manager Apartment
• Bonney Lake Restricts Development of New Self Storage Projects Capping New Supply
but Allows Redevelopment of Existing Projects
• Excellent Demographics & Growing Surrounding Population: Average Household Income
Within One, Three, and Five Miles is Above the National Average
Valuation Calculator
Valuation Calculator
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$272,000.00
$22,666.67/mo
Valuation Metrics
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DSCR
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Cap Rate
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ROI
Property History
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Listing Contacts
- License: WA 873009985
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