Marcus & Millichap is pleased to offer for sale A-1 U-Store-It (the “Facility”) located in Vancouver, WA. The Facility is offered at $3,000,000.
The Facility consists of 225 self storage units and 23,700 net rentable square feet. In addition, the Facility has 50 uncovered RV/vehicle parking spaces.
The Facility has visibility from Kauffman Avenue and is a block away from W Fourth Plain Boulevard, a main arterial in the heart of Vancouver. The Facility sits in a commercial and residential zone which has a mix of single-family homes and apartments, as well as, industrial and commercial properties.
The Facility was built in one phase in 1974. There are 5 single-story self storage buildings on site. There are approximately 14 different unit sizes. The buildings are wood-framed with metal siding and screw-down metal roofing systems built on concrete slab. Drive aisles are asphalt and parking areas are gravel.
The Facility has mostly exterior units all with ground floor drive up access. The site consists of 1 tax parcel totaling 1.83 acres.
The Facility is secured with electronic gate access and electronic key pad. The site is fully-fenced and is serviced by one rental office.
The vehicle parking area offers an expansion opportunity for self storage. It is estimated that 10,000 to 13,000 square feet of self storage buildings could replace the parking area generating higher rents, more cash flow and better operating efficiencies.