Kennewick Self-Storage Facility For
615 N Fruitland St Kennewick, WA 99336
For Sale
$1,750,000
Pending
Long-standing self-storage property with strong rental history and low maintenance.
Property Size21,418 SF
Lot Size1.07 Acres
Days on Market729
Property Features for 615 N Fruitland St
General Information
Standard status
Pending
Size
21,418 SF
Lot size
1.07 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1976
Listing Agency:
SVN Retter & Company
(509) 430-2378
Listed By:
Rob Ellsworth · License #17790
(509) 430-2378
Source:
Exitrealty
Added: Aug 1, 2024
Changed: Jul 6
Last Checked: Jul 29 at 6:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Retter & Company
Investment Insights
Based on property information with market context.
Phoenix Mini Storage is a self-storage property located in Kennewick. The property has a strong rental history and features low to no maintenance buildings. The operation includes an on-site office and consists of 3 buildings ranging from 6600 to 7200 square feet. The property size is 21418 square feet.
Key Highlights
- Strong rental history
- Low to no maintenance buildings
- On‑site office available
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $192.8k | $9.00 |
| − Vacancy | −$13.1k | −$0.61 |
| EGI | $179.7k | $8.39 |
| − OpEx | −$53.9k | −$2.52 |
| NOI | $125.8k | $5.87 |
21,418 SF · lease $9.00/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$2.57M
$2.25M – $3.00M
NOI $179,731 @ 7.0% cap · market cap 10.27%
Second Best
Industrial
$1.80M
$1.57M – $2.10M
NOI $125,758 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$5.94M
$5.20M – $6.93M
NOI $415,840 @ 7.0% cap · market cap 23.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Self storage facility - Long-standing self-storage property with strong rental history and low maintenance.
Where is this self storage facility located?
The property is located at 615 N Fruitland St Kennewick, WA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Strong rental history; Low to no maintenance buildings; On‑site office available
