Interior Photos

Monarch Self Storage

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Located in Medical Lake (~15 miles SWof Spokane), this recreational, active community is up and coming with the recent growth in the Spokane
market. Monark Mini-Warehouse sits in the heart of the City’s main highway corridor surrounded by housing and commercial properties.
Approximately 59,841 NRSF with 334 units, with an on-site managers office plus additional land for expansion, this facility offers a new owner
the ability to grow and expand as needed. The property is serviced with city utilities, on-site video surveillance system and electric keypad
gate. This is as turn key as it gets. Owner is willing to carry a contract with 15% down.

Property Highlights

  • Opportunity to acquire a stabilized facility primed for additional expansion opportunities
  • Strong opportunity to increase efficiencies and visibility through the implementation of professional management and a digital presence
  • Excellent mix of drive-up access and fully enclosed RV units – all single-story configuration
  • Current physical occupancy of 95%, which is indicative of the high demand for self-storage in the area
  • Well-lit with security fencing, electronic gate and video surveillance system
  • 711 East Highway 902

    Medical Lake, WA

  • $5,100,000

    Price

  • 153,766 SF

    Size

  • Self Storage

    Property Type

  • Commercial

    Zone

  • 5.25%

    Capitalization Rate %

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