11503 74Th AveVancouver, WA 98662

Property Details for 11503 74Th Ave

Year built

2023

Construction

STEEL FRAME

Lot size

6.12 AC

Property size (Sq ft)

66,276 SF

Zone code

CC : CLK

Property type

Warehouses

Property subtype

Self storage facilities

APN

199400-000

APU

199400000

Description

This exceptional Class A self-storage facility in Vancouver, WA, presents a compelling value-add investment opportunity. Boasting 81,345 rentable square feet across nine single-story buildings, the property currently features 564 units with 45% occupancy. Constructed in 2023, it benefits from a highly desirable location with 450 feet of frontage on NE 72nd Ave, experiencing over 19,000 vehicles daily. The property includes a mix of heated and unheated units, large enclosed RV parking spaces, and rare heated drive-up access units. A significant advantage is the fully approved 22,175 square foot Phase II expansion plan, allowing for substantial future growth and increased revenue potential. The property sits on a 6.4-acre lot zoned CC (Community Commercial) in Clark County, an area that has seen a 51% population increase since 2000. This presents a unique chance to capitalize on a rapidly growing market and a high-quality asset with strong potential for increased occupancy and returns. The property's current occupancy is 45%, with significant upside potential given the approved expansion and strong market demand. This is a rare opportunity to acquire a newly constructed, Class A self-storage facility with immediate income and significant long-term growth prospects.

• Alternative Use

  Use

  Valuation

  Residential

  $20,835,852

  Hospitality

  $19,085,530

  Educational

  $15,878,936

  Medical

  $16,425,037

  Retail

  $24,700,568

Location Insight

City

Vancouver

County

Clark

State

Washington

Latitude

45.7047

Longitude

-122.598

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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