Stor-A-Wile Storage
Self-Storage Investment | 80% Occ. | 7.22% Cap
Marketing description
Stor‑A‑Wile Storage is a 2005‑vintage self‑storage facility consisting of 102 drive‑up, non‑climate
storage units totaling 18,576 net rentable square feet and 71 surface parking spaces (172 total)
situated on approximately 3.5 acres. The asset features an efficient, all drive‑up unit mix, and an
onsite office.
The storage units are currently ~89% physically occupied with below‑market rents. In‑place rents
average approximately $0.93 per square foot, representing a 30% discount to the estimated
weighted market rent of approximately $1.34 per square foot. The Property offers immediate value‑add potential through the implementation of rent increase and professional revenue
management.
The Property stands to further benefit from capital improvements that allow more efficient operations, enhance visual appeal and increase rentable square footage.
Stor‑A‑Wile Storage is located along the I‑5 corridor in Woodland, Washington, approximately
20 miles north of Vancouver, WA, providing access to the greater Portland–Vancouver MSA. The Woodland submarket benefits from favorable supply‑and‑demand fundamentals and limited new competitive development.
Investment highlights
- Value‑Add Opportunity – Below‑market rents and economic occupancy upside
- Rent Growth Upside – $0.93 PSF in‑place vs. $1.34 PSF market
- Efficient Asset Design – All drive‑up, non‑climate units w/ onsite office
- Expansion Potential – 3.5 acre site offers room for facility expansion
- Strategic Location – I‑5 corridor access to Portland–Vancouver MSA
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