498 W CENTRAL BLVD, COQUILLE, OR 97423-1013

Central Mini Storage presents a turnkey opportunity in Coquille, Oregon, encompassing two contiguous parcels totaling 3.82 acres. The property blends 141 self-storage units with 10 residential units, including eight detached cottages and two single-family homes. This family-owned facility, operating since 1976, has maintained exceptional occupancy at 97.9%, supported by proactive tenant retention and consistent market demand. The list price of $2,500,000 is underpinned by strong fundamentals, including a Year 1 cap rate of 7.64% and stabilized cap rate of 8.46%.

Revenue generation benefits from recent rent adjustments of 13–15%, ensuring growth beyond in-place rates. Future upside exists through operational modernization, transitioning from legacy systems to cloud-based management, automated collections, and expanded electronic access controls. Zoning flexibility—UR-2 and C-2—supports both residential infill and commercial repositioning, complemented by open land that could accommodate container storage. With no competing self-storage projects currently reported in the pipeline, new ownership gains an advantageous position to enhance income via market-aligned rental rates and property improvements.