Storage 98110
Own the Last Seld Storage ever Built on Bainbridge Island
Marketing description
Storage 98110 offers a truly once-in-a-generation opportunity to acquire the last self-storage facility ever built on Bainbridge Island. The newly constructed 54,775 SF facility sits on 2.36 acres of land on the main through-fare 1 mile from downtown. The City of Bainbridge Island enacted a moratorium on self-storage development that has since become a permanent zoning restriction.
•No new developments are feasible on the island. Rental rates will continue to rise with a fully occupied market and capped supply.
•Storage 98110 is the only Class A and fully climate-controlled facility on the island
•Over 225 new housing units will be built by 2025
Investment highlights
Storage 98110 is a 2023 built and already 66% occupied self-storage facility in Bainbridge Island, WA. The purchaser of this opportunity will own the last self-storage facility built on Bainbridge Island and operate in a lucrative and supply capped market.
Link to City of Bainbridge Island Zoning
Chapter 18.09 USE REGULATIONS (codepublishing.com)
Chapter 18.30 NONCONFORMING LOTS, USES, AND STRUCTURES (codepublishing.com)
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