Self Storage
For Sale
$5,400,000
1909 SE 6th Ave, Camas, WA 98607
Located in Camas, Washington, the property is positioned east of Vancouver and north of Portland International Airport.
Property Size35,500 SF
Price / SF$152.11
Days on Market8
Property Features for 1909 SE 6th Ave
General Information
Standard status
Active
Size
35,500 SF
Property subtype
Self-Storage Facility
Occupancy
94%
Financials
Asking Price
$5,400,000
Cap Rate
6.57%
Additional Details
Property Use
Self Storage
Amenities
• Established self-storage facility serving Camas, Washougal, and east Clark County, Washington
• 148 Units; 35,500 Rentable Square feet
• Located 14 Miles from Vancouver, WA and Portland International Airport
Building Details
Building Size
35,500 SF
Year Built
2000
Units
148
Listed By:
Chris Secreto · License #License(s): WA: 24660
(206) 826-5748
Source:
Marcusmillichap
Added: Oct 30
Last Checked: Nov 4 at 9:37AM
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 Chris Secreto
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Investment Insights
Based on property information with market context.
Oak Park Self Storage is a self-storage property at 1909 SE 6th Ave in Camas, Washington. The facility was built in 2000.
Camas is approximately 14 miles east of Vancouver, Washington, and 14 miles north of Portland International Airport.
Camas is approximately 14 miles east of Vancouver, Washington, and 14 miles north of Portland International Airport.
Key Highlights
- Built in 2000
- Located at 1909 SE 6th Ave in Camas, WA
- Approximately 14 miles east of Vancouver, WA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$354,113
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,082,260
$7.1M
Cap Rate 7%
$5,058,757
$5.1M
Cap Rate 9%
$3,934,589
$3.9M
Market Conditions
NOI Build-Up for 35,500 SF
Gross rent
$532.5K $15.00/SF
− Vacancy
−$26.6K −$0.75/SF
EGI
$505.9K $14.25/SF
− OpEx
−$151.8K −$4.27/SF
NOI
$354.1K $9.98/SF
Area
Clark County, WA
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,082,260
Cap Rate 7%
$5,058,757
Cap Rate 9%
$3,934,589
Alternative Uses
Best Use
Self Storage
$5.06M
$4.43M – $5.90M
NOI $354,113 @ 7.0% cap · market cap 6.56%
Second Best
Warehouse
$4.64M
$4.06M – $5.42M
NOI $325,021 @ 7.0% cap · market cap 6.02%
Theoretical Best
Specialty Retail
$8.65M
$7.57M – $10.09M
NOI $605,408 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
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Business Placement
Demographics for 98607, WA
35,054
Population
12,667
Households
2.8
Avg Household Size
40
Median Age
53%
College-Educated
96%
High-School Grad
47.6 sq mi
ZIP Area
736
Density / Sq Mi
$132,234
Median Household Income
$64,422
Median Earnings
$1,854
Median Rent
$648,700
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Self storage facility - Located in Camas, Washington, the property is positioned east of Vancouver and north of Portland International Airport.
Where is this self storage facility located?
The property is located at 1909 SE 6th Ave Camas, WA.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: Built in 2000; Located at 1909 SE 6th Ave in Camas, WA; Approximately 14 miles east of Vancouver, WA
