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Elite Storage (Issacs)

Overview Summary

Elite Storage Isaacs location has 463 units and 66,075 net rentable square feet of storage space. The brand new Isaacs location has had 36% occupancy in less than 1 year. Third-party management is currently in place. The seller is offering a one-year rent guarantee of $660,000, instantly making this a stabilized asset.

The property features a variety of storage options, including ground-level drive-up units and double-door drive-thru units. Additional income could come from tenant insurance, retail, and truck rentals. The properties also offer amenities, such as secure gated access, commercial-grade lighting and surveillance systems, fully paved concrete drive aisles, contact-free move-ins, and online and autopay availability. The property is well-poised for continued long-term success with an established history of stable and consistent cash flow.

2548 East Isaacs Avenue, Walla Walla, WA, USA

Address

$6,000,000

Price

66,075 sqft

NSQFT

N/A

Units

6.46%

Cap Rate

Commercial

Zoning

Self Storage

Asset

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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