IMG_4842

Seven Mile Self Storage

DAA Northwest purchased for owner/user building on the South Hill of Spokane, WA. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Tristique cras viverra at purus nulla commodo mattis neque. Ullamcorper diam gravida tellus et.

Sit adipiscing eu urna, commodo amet, a. Pellentesque malesuada donec tellus vitae mauris. Arcu quis sed auctor metus. Vitae enim in morbi eu. Sed at dolor tristique vitae et, arcu

Seven Mile Self Storage is situated on 2.53+/- acres along the Pend Oreille River & US Hwy 20 in Newport, Washington. Seven Mile Self Storage provides enclosed storage and outdoor recreational storage to the current and increasing population in Pend Oreille County. Currently stabilized at 100% occupancy.

The 1.9+/- acres of vacant expansion land gives the buyer an opportunity to fulfill the current need with either covered/enclosed storage or simply outdoor parking. Located near the boat launch and river access. Management of the facility is not full-time and could easily operate via a kiosk or website. Security cameras and a full property fence are in place.

Property Highlights

Room for expansion to add much needed large enclosed Boat/RV spaces Stabilized 100% current occupancy Situated along Hwy 20 corridor Only commercial property in the area that can have self-storage Low management responsibilities High cap rate of 7.66% on actual storage income
  • 102 Levitch Road

    Newport, WA

  • $475,000

    Price

  • 110,700 SF

    Size

  • Self Storage

    Property Type

  • Commercial

    Zone

  • 7.66%

    Capitalization Rate %

Contact Broker: