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Multi-Tenant Industrial Property For Sale

311 E Reserve St, Vancouver, WA 98661

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Multi-tenant industrial property with 34 units, 93% leased.

Type:Industrial, Self Storage

Property size:

15,047 SF

Price / SF:

$244/SF

HighLights

93% Leased Multi‑Tenant Industrial Property with 34 Units
Highly Amenitized Spaces: Roll‑up doors, high ceilings, overhead lighting, compressed air, electricity (220 & 110 V), WiFi, and cable TV with sports package
Convenient Location: Near downtown Vancouver, Pearson Field, and Grand Central Retail Center with easy access to I‑5, I‑205, SR14, and Mill Plain Blvd
Variety of Spaces: Office suites, small workshop spaces, and traditional storage
Communal Amenities: Restrooms, shared utilities, gated entry, and security system
Diverse Tenant Mix: Small businesses, hobbyists, and active storage users

We can help!

Contact an agent

Jim Lewis

For Sale

Contact for pricing

Multi-tenant industrial property with 34 units, 93% leased.

Type:Industrial, Self Storage

Property size:

15,047 SF

Price / SF:

$244/SF

Added:: Mar 9, 2026
Days on Market:: 111
Last Refresh:: Mar 19 at 10:06 pm

Property Features for 311 E Reserve St

General Information

Standard status: Active
Size: 15,047 SF
Property subtype: Industrial, Self Storage

Building Details

Year Built: 1985

We can help!

Contact an agent

Jim Lewis

Listing office Cushman & Wakefield - Portland, Oregon

Listing date Mar 9, 2026

Source Crexi

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

HighLights

93% Leased Multi‑Tenant Industrial Property with 34 Units
Highly Amenitized Spaces: Roll‑up doors, high ceilings, overhead lighting, compressed air, electricity (220 & 110 V), WiFi, and cable TV with sports package
Convenient Location: Near downtown Vancouver, Pearson Field, and Grand Central Retail Center with easy access to I‑5, I‑205, SR14, and Mill Plain Blvd
Variety of Spaces: Office suites, small workshop spaces, and traditional storage
Communal Amenities: Restrooms, shared utilities, gated entry, and security system
Diverse Tenant Mix: Small businesses, hobbyists, and active storage users

Overview

The multi-tenant industrial property at 311 E. Reserve St. consists of 34 units and is 93% leased. Operating as Man Caves @ Pearson Storage, the property provides a mix of spaces, including two office suites, small workshop spaces, and traditional storage units. Spaces are equipped with roll-up doors, high ceilings, overhead lighting, compressed air, electricity, 220 & 110 V power, WiFi, and cable TV with sports package. Communal restrooms, shared utilities, gated entry, and a security system are also available. Historically, tenants have included small businesses, hobbyists, and active storage users. The property is located near downtown Vancouver, Pearson Field, and the Grand Central Retail Center, with convenient access to Interstate 5, Interstate 205, SR14, and Mill Plain Blvd. Its central location serves both the Portland and Vancouver markets. The property contains 15,047 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$278.1k	$18.48
− Vacancy	−$19.7k	−$1.31
EGI	$258.4k	$17.17
− OpEx	−$64.6k	−$4.29
NOI	$193.8k	$12.88

15,047 SF · lease $18.48/SF/yr · vacancy 7.08% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.77M

$2.42M – $3.23M (±1% cap)

NOI $193,786 @ 7.0% cap · market cap 5.26%

Second Best

Self Storage

$1.99M

$1.74M – $2.33M (±1% cap)

NOI $139,540 @ 7.0% cap · market cap 3.79%

Theoretical Best

Office A

$3.68M

$3.22M – $4.30M (±1% cap)

NOI $257,710 @ 7.0% cap · market cap 6.99%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Mancaves at Pearson Storage Storage Facility Atlas Fabrication and Manufacturing ... Factory GT Custom Metal General Contractor ROCK U High School Kustom Metalwerx & Fabrication Auto Repair Shop

Suggested Use

Location Insight

Map
Local Demand

City: Vancouver
County: Clark
State: Washington
Longitude: -122.654621
Latitude: 45.6233497

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For sale
Self storage facilities
WA
Vancouver
98661
311 E Reserve St

What type of property is this?

Self storage facility - Multi-tenant industrial property with 34 units, 93% leased.

Where is this self storage facility located?

The property is located at 311 E Reserve St Vancouver, WA.

What is the asking price?

The asking price for this property is $3,685,000.

What are key features of this property?

This property features: 93% Leased Multi‑Tenant Industrial Property with 34 Units; Highly Amenitized Spaces: Roll‑up doors, high ceilings, overhead lighting, compressed air, electricity (220 & 110 V), WiFi, and cable TV with sports package; Convenient Location: Near downtown Vancouver, Pearson Field, and Grand Central Retail Center with easy access to I‑5, I‑205, SR14, and Mill Plain Blvd