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Obsidian Self Storage

New Construction | Below Market Rents | 51 Units

Listing Contacts

Active

Asking Price: $720,000
Address 

16680 Box Way, La Pine, OR 97739

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Date Added
Jul 16, 2024
Days on Market
245 days
Time Since Last Update
7 days

Details

Property TypeSelf Storage
SubtypeSelf-storage
Lease TypeGross
TenancyVacant
Square Footage5,360
Net Rentable (sq ft)5,360
Price/Sq Ft$134.33
Cap Rate6.06%
Occupancy84%
NOI$43,628
Units51
Year Built2022
Buildings4
Stories1
ZoningLPIND
Lot Size (acres)0.43
Broker Co-OpYes
APN205432
Price/Unit$14,117.65

Marketing Description

John 14:6 - Jesus said unto him "I am the way, the truth, and the life.​ No one comes to the Father except through Me".​

Obsidian Self Storage, located at 16680 Box Way, La Pine, OR 97739, offers a prime investment opportunity with an enticing price of $720,000.​ Built in December of 2022, this modern facility includes 51 well-designed units within 5,360 sq.​ ft.​ of enclosed space.​ Currently, it maintains a strong 84% occupancy rate, leaving ample room for growth.​

Situated on a spacious 0.43-acre lot, Obsidian Self Storage consists of four single-story buildings, providing convenience and accessibility.​ The property boasts a cap rate of 6.06% and an attractive price per sq.​ ft.​ of $134.33.​

Located just 30 minutes south of Bend, Oregon, in scenic Deschutes County, Obsidian Self Storage benefits from its strategic position in an area known for outdoor recreational activities, ensuring steady demand.​ Additionally, there is room for rent optimization, offering the potential for increased income, making it an attractive investment opportunity.​ Obsidian Self

Storage is equipped with modern management tools, enabling remote management and online rentals through advanced software, streamlining operations.​

Obsidian Self Storage is a compelling investment in La Pine, Oregon, suitable for both experienced investors and first-time buyers.​ Its strategic location, contemporary facilities, and income growth potential make it a valuable addition to any portfolio.​ Don't miss this opportunity to secure a promising investment.​

https://properties.​calvaryrealty.​com/properties/obsidian-self-storage-2/

Investment Highlights

• New Construction

• High Barriers to Entry

• Remote Management

• Online Rentals

• Strong Population Growth

• Bend, Oregon Metropolitan Area

• 30 Minutes South of Bend, OR

• Below Market Rents

• Proximity to Outdoor Recreation Activities

• Ideal for First Time Investor

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$43,628.00
$3,635.67/mo

Valuation Metrics

0
DSCR
6.06%
Cap Rate
6.06%
ROI
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Listing Contacts


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