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Colville Mini Storage
+6.5% CAP RATE | 100% OCC | 49 Units
Listing Contacts
License: ID ID DB56923, WA WA 27102
Active
Asking Price: $775,000
Earnest Money Deposit: 2% min.
Address
555 W 8th Ave, Colville, WA 99114
Show on MapDate Added
Jun 25, 2024
Days on Market
273 days
Time Since Last Update
60 days
Details
Property TypeSelf Storage
SubtypeMini Storage
Investment TypeStabilized
Investment Sub TypeValue Add
ClassB
Lease TypeGross
TenancyMulti
Square Footage8,380
Net Rentable (sq ft)8,380
Price/Sq Ft$92.48
Cap Rate6.50%
Pro-Forma Cap Rate9.00%
Occupancy100%
Occupancy Date01/23/2025
NOI$50,325
Pro-Forma NOI$69,725
Units49
Year Built1998
Year Renovated2023
Buildings2
Stories1
ZoningCommercial
Lot Size (sq ft)17,860
Parking (spaces)4
Broker Co-OpYes
APN0079575
Price/Unit$15,816.33
Ground LeaseNo
OwnershipFee Simple
Marketing Description
Introducing COLVILLE MINI STORAGE located in Colville, Washington! This lucrative investment opportunity features 49 units with a 6.5% CAP rate. Boasting 100% physical occupancy and 83% economic occupancy, this facility spans 8,380 net rentable square feet. The property offers various storage options, including ground-level drive-up units, interior hallway units, and covered boat/RV spaces.
Additional income streams like Tenant Insurance and Truck Rental provide growth potential. With secure gated access and modern amenities like online payment options, this facility ensures convenience for both tenants and owners. Situated in a prime location near grocery stores and highways, it attracts a steady flow of customers from diverse industries. The stable cash flow history and strong financials make COLVILLE MINI STORAGE a smart investment choice for those seeking reliable and long-term returns in the self-storage sector.
Investment Highlights
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100% Physical Storage Occ.
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Established Stabilized Facility
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Regular Cash Flow
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Variety of Unit Types
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Waiting List for Units
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Security Cameras/Gated
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Avg Household Income $63,098
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Location near Grocery and Highway
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Vast Job market across multiple industries
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$50,325.00
$4,193.75/mo
Valuation Metrics
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0
DSCR
6.49%
Cap Rate
6.49%
ROI
Property History
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Due Diligence
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Listing Contacts
- License: ID ID DB56923, WA WA 27102
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Broker Information
Broker Information
Broker Name
Ryan Layton
Broker License
WA WA 27102
Brokerage Name
American Real Estate Associates
Broker Title
Designated Broker
Brokerage Address
4200 Cheney Spokane Road, Spokane, United States 99224
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