21205 Fulquartz LndgDundee, OR 97115

Property Details for 21205 Fulquartz Lndg

Year built

2022

Lot size

0.99 AC

Property type

Self storage facilities

Description

This exceptional turn-key RV and boat storage business, located at 21205 SE Fulquartz Landing in Dundee, Oregon (97115), presents a lucrative investment opportunity. Built in 2022 on a 0.99-acre lot zoned for light industrial use, this single-story facility boasts 52 units, offering a mix of 24 covered and 28 uncovered spaces. The covered area, measuring 7,500 square feet (150ft x 50ft), provides power hookups for stored vehicles. Uncovered spaces are adaptable to accommodate various RV and boat sizes, with a maximum length capacity of 50 feet. The property features 24-hour access, security cameras, and a fully fenced perimeter for enhanced safety and peace of mind. The business utilizes StorEdge for remote customer sign-ups, streamlining operations. Currently operating at a 44% occupancy rate, this business offers significant growth potential. The asking price is $1,150,000, representing a $22,115.38 price per unit and a 6.15% cap rate with a NOI of $70,780. This sale excludes the existing business name and branding. The property's convenient location near Highway 99W, between Portland and McMinnville, provides easy access for customers in the heart of the Willamette Valley Wine Country. This is an owner/user investment opportunity with strong potential for increased profitability.

Location Insight

City

Dundee

County

Yamhill

State

Oregon

Latitude

45.2631

Longitude

-123.019

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