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Christmas Valley Storage Units

Self Storage | 76 Units | $11,184/unit

Listing Contacts

Active

Asking Price: $850,000
Earnest Money  Deposit: $9,000 min.
Listing Broker NameCindy Mahaffy
Address 

60590 Old Lake Rd, Christmas Valley, OR 97641

Show on Map
Date Added
Jan 11, 2025
Days on Market
70 days
Time Since Last Update
70 days

Details

Property TypeSelf Storage, Business for Sale
SubtypeBusiness and Building
Square Footage69,656
Net Rentable (sq ft)14,646
Price/Sq Ft$12.20
Cap Rate6.34%
Occupancy99%
Occupancy Date01/09/2025
NOI$53,862
Units76
Year Built1987
Year Renovated2021
Buildings3
Stories1
ZoningC1
Lot Size (sq ft)95,832
Price/Unit$11,184.21
Sale ConditionFor sale by owner

Marketing Description

The mini storage complex consists of three buildings with 76 units of various sizes and an additional 55,000 square feet of land included for future development.​ These units' quality and durable construction include cinder block walls, concrete floors, sheet rock ceilings, and metal roofs.​ New metal roofs were installed in 2021 on two of the buildings.​ Benefits include operating costs, excellent rental history, low vacancies, and no local competition.​ Currently, the occupancy is 99%, which is standard, and typically, there is a waiting list.​ One of the sellers is a licensed real estate agent in Oregon.​ Don't miss this fantastic business opportunity.​ Priced below-assessed value.​ Motivated seller.​

Investment Highlights

Low Operating Cost

Consistent 99% occupancy

Well maintained units

No local competition

An additional 55,000 square feet of surplus land to accommodate future development

Established business since 1987

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$53,862.00
$4,488.50/mo

Valuation Metrics

0
DSCR
6.34%
Cap Rate
6.34%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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Broker Name
Cindy Mahaffy
Broker License
200805013
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