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Self-Storage Facility

16219 MILITARY RD S, Seatac, WA 98188

For Sale
New
Contact for pricing

The property combines storage units with parking, residential accommodations, and office space.

Property Size28,920 SF
Days on Market7

Property Features for 16219 MILITARY RD S

General Information

Standard status Active
Size 28,920 SF
Total Parking Spaces 52
Property subtype Self Storage
Occupancy 92%

Site & Location

Neighborhood Riverton Heights
Road Access Yes

Additional Details

Self-Storage Units 279
Tenant in Place Yes
Property Use Self Storage
Listing Agency: Cushman & Wakefield - Portland, Oregon
Listed By: Jim Lewis · License OR #200412086
Source: Crexi
Added: Nov 3 Changed: Nov 8 Last Checked: Nov 8 at 5:40PM

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 Cushman & Wakefield - Portland, Oregon

Rey
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Investment Insights

Based on property information with market context.

This self-storage property contains 28,920 NRSF across 279 units. The site also includes 52 parking spaces, a single-family rental house, a manager’s apartment, and a small office suite. Physical occupancy is 92% overall and 94% for storage, with economic occupancy at 86%.

The property fronts Military Road S, where traffic exceeds 16,000 vehicles daily, close to the S 164th Street intersection. Nearby businesses include a Safeway, fuel stations, restaurants, and coffee shops. Sea-Tac International Airport lies to the west, with I-5 to the east and State Route 518 to the north. The surrounding area includes residential and commercial uses, while Westfield Southcenter serves as a regional retail center. The three-mile trade area has approximately 86,550 residents.

Key Highlights

  • 28,920 NRSF of self‑storage across 279 units
  • Physical occupancy: 92% overall and 94% for self‑storage; economic occupancy: 86%
  • 52 parking spaces, a single‑family rental home, manager’s apartment, and small office suite

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Real Estate Agency Hair Salon HVAC Service Pharmacy Building Supply Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

92%
Occupancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

452
Businesses Nearby

Demographics for 98188, WA

27,851
Population
12,025
Households
2.3
Avg Household Size
37
Median Age
26%
College-Educated
88%
High-School Grad
8.1 sq mi
ZIP Area
3,438
Density / Sq Mi
$76,559
Median Household Income
$45,245
Median Earnings
$1,641
Median Rent
$452,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Self storage facility - The property combines storage units with parking, residential accommodations, and office space.
Where is this self storage facility located?
The property is located at 16219 MILITARY RD S Seatac, WA.
What are key features of this property?
This property features: 28,920 NRSF of self‑storage across 279 units; Physical occupancy: 92% overall and 94% for self‑storage; economic occupancy: 86%; 52 parking spaces, a single‑family rental home, manager’s apartment, and small office suite
(503) 279-1743 Call to check price and availability
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