2317 102nd Street S, Tacoma, WA 98444

Colliers is pleased to exclusively offer for sale Sales Road Storage, a 282-unit drive-up self-storage and parking facility located at 2317 102nd Street South in Tacoma, Washington. The property is being delivered as a stabilized, cash-flowing asset with a long-tenured tenant base and meaningful mark-to-market upside, presenting investors with a rare opportunity to acquire an in-place income stream alongside a clear path to revenue growth.

With 282 units and 29,820 net rentable square feet across 2.0 acres of drive-up storage and outdoor parking, Sales Road represents a well-located infill asset in a supply-constrained South Tacoma submarket. The facility is currently 71% occupied at in-place rents that trail asking street rates by roughly 23% and trail surrounding comps by 25-35% across nearly every unit type - a buyer can immediately implement programmatic existing-customer rate increases, modern revenue management, and digital marketing to close the gap without a single dollar of capital improvement.

The greater Tacoma trade area supports robust self-storage demand: a 10-mile population of 669,592 growing to over 687,000 within five years, a median household income of $92,026, and proximity to Joint Base Lewis-McChord, the Port of Tacoma, MultiCare, and the broader Seattle metro. Competitive supply in the immediate area is dominated by national operators charging 30%-50% premiums, providing both rate cover and a clear price ceiling for a new entrant.

The property is offered on a strict as-is basis with offers considered as submitted.