For Sale
$4,400,000
301 1St St Yelm, WA 98597
High-return self-storage facility in Yelm, WA.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- 275-unit self-storage facility in Yelm, WA, with 95% occupancy.
- 31,130 square feet on a 2.33-acre lot, zoned C-2.
- Asking price: $4,400,000 ($16,000/unit, $141.34/SF).
- Current NOI: $258,389 (5.87% cap rate); Pro-forma NOI: $356,660 (8.11% cap rate).
- High historical occupancy (99-100% in 2021-2022), with recent rent increases and potential for 36-40 additional units.
Property Details for 301 1St St
- Property type
- Investment properties, Self storage facilities
- Square Feet
- 31,130 SF
- Class
- B
- Year Built
- 1980
- Buildings
- 17
- Stories
- 1
- Lot Size (sq. ft)
- 101,495 SF
- Units
- 275
Location Insight
- City
- Yelm
- County
- Thurston
- State
- Washington
- Latitude
- 46.943417834526
- Longitude
- -122.60383035699
Nearby Similar for Sale
FAQs
- What type of property is this?
- Investment property - High-return self-storage facility in Yelm, WA.
- Where is the investment property located?
- The property is located at 301 1St St Yelm, WA.
- What is the asking price?
- The asking price for this property is $4,400,000.
- What are key features of this property?
- This property features: 275-unit self-storage facility in Yelm, WA, with 95% occupancy.; 31,130 square feet on a 2.33-acre lot, zoned C-2.; Asking price: $4,400,000 ($16,000/unit, $141.34/SF).
- How can I contact the broker?
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