
Diamond Lake Self Storage
Overview Summary
This 98% Occupied (with a waiting list on Certain Units) 96-unit, 18,763 RSF Self-Storage is ready for new ownership. Diamond Lake Self-Storage is a great opportunity to take over a "Under-rented" facility located along Highway 2 in Newport, Washington in the heart of recreation and numerous lakes. Comprised of (6) Storage Buildings, a rental home/apartment (3 bed/2 bath + 1 bed 1 Bath), a storage office, plus +/- 30,870 of land for expansion. The average Rental Rate is $0.48/SF. Room to increase rents in a high occupancy rental market. No internet presence, No Credit Cards, Significantly below market rents, Owner Financing Available.
325504 U.S. 2, Newport, WA, USA
Address
$1,590,000
Price
18,763 sqft
NSQFT
N/A
Units
6.63%
Cap Rate
Commercial
Zoning
Self Storage
Asset