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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

Images

Location Map

American Real Estate Associates, Inc.**® and its associated service marks, including the AREANW® name and logo, are registered trademarks of American Real Estate Associates, Inc.

​We are committed to upholding the principles of the Fair Housing Act and the Equal Opportunity Act. All listing information is considered reliable; however, accuracy is not guaranteed.

Licensed Real Estate Firm:

Washington State License #: 19640

Idaho State License #: CO56924

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