Old 97 Mini Storage
Old 97 Mini Storage, Recent Price reduction - Brewster, WA | 26K NRSF, Expansion Upside
Marketing description
Modern, fully secured self-storage facility totaling ~26,000 net rentable square feet, featuring 111 steel-constructed units with roll-up doors and a leased gravel lot supporting RV, boat, and parking storage. Interior units are operating at a strong ~96% occupancy, providing stable in-place income. The property offers a clear value-add path through rent increases, expansion of additional storage buildings, or further development of RV and parking spaces. Located in an undersupplied Brewster, WA market, the site also presents the opportunity to potentially double its current square footage with future construction.
The Foundation Group is pleased to present Old 97 Mini Storage, a 111-unit self-storage facility with 30 parking spaces located in Brewster, Washington. The property offers stable in-place income with a compelling value-add opportunity through lease-up of owner-occupied units and rental rate adjustments.
Positioned within an undersupplied trade area, the asset benefits from limited competition and consistent demand from local residents, small businesses, and seasonal users, with additional upside supported by future expansion potential.
Investment highlights
- Low Expense, Efficient Operations - Minimal operating costs supported by the absence of traditional utilities and solar-powered gate operations, resulting in a highly efficient expense structure.
- Undersupplied Trade Area - Limited self-storage inventory within the immediate 3-5 mile radius supports stable occupancy and reduced competitive pressure.
- Strong Local Demand Drivers - Demand supported by residential growth, seasonal migration, and ongoing usage from local residents and small businesses.
- Compelling Value-Add Opportunity - Immediate upside through leasing owner-occupied units and adjusting rents to market levels, with additional long-term growth via expansion potential.
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