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$ 974,990
Est. payment /mo
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5885 Van Giesen West Richland, WA 99353
10,512 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,512 sqft
Price per Sqft $92
MLS Listing ID 293326
HOA Y/N No
Year Built 1978
Annual Tax Amount $5,546
Lot Size 0.600 Acres
Acres 0.6
Lot Dimensions See Plat Map
Property Description
This Self Storage Facility presents an outstanding opportunity to acquire a well-established income-producing asset in the rapidly growing West Richland market. Located on Van Giesen Street, this 90-unit self-storage facility offers strong in-place cash flow with significant upside potential through continued occupancy growth, operational modernization, and strategic improvements. Currently operating at approximately 85% physical occupancy, the property features a highly functional unit mix designed to serve a broad range of residential and commercial storage users. A standout feature is that every unit is equipped with individual power access — an amenity frequently not found in many competing facilities. The facility offers easy customer access with wide drive aisles, strong street visibility, and a convenient location near expanding residential neighborhoods and major commuter corridors. The current list price reflects a cap rate of just over 7%, presenting investors with an attractive yield opportunity in an increasingly competitive self-storage sector. The facility offers easy customer access with wide drive aisles, strong street visibility, and a convenient location near expanding residential neighborhoods and major commuter corridors. The current list price reflects a cap rate of just over 7%, presenting investors with an attractive yield opportunity in an increasingly competitive self-storage sector. Additional value-add potential exists through security and technology enhancements, including online payment system and a website. The property also includes an easement area for the adjoining property's well head. Contact Listing Broker for financial information, rent roll, and showing instructions
Location
State WA
County Us
Interior
Inclusions Land, Buildings And Current Tenants
Exterior
Parking Features 0 - 10 Spaces
Street Surface Paved
Others
Security Features Security Lights
Acceptable Financing Exclusive Right
Listing Terms Exclusive Right
Listed by HomeSmart Elite Brokers
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