Self Storage Portfolio
3816 Smith Avenue Everett, WA 98201
3816 Smith Avenue, Everett, WA, 98201
Contact for pricing
For Sale
Contact for pricing
Portfolio includes two self storage properties offered for sale.
Property Size25,836 SF
Price / SF$270.94
Days on Market52
Property Features for 3816 Smith Avenue
General Information
- Standard status
- Active
- Size
- 25,836 SF
- Property subtype
- Self Storage, Special Purpose
Building Details
- Year Built
- 1975
Listing agency
SRE Commercial Real Estate
Listed by
Tyler Springer · License #WA 25525
Source
Crexi
Added: Jun 1 Updated: Jul 22 at 1:25AM Checked: Jul 22 at 1:25AM
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 SRE Commercial Real Estate
Investment Insights
Based on property information with market context.
This offering is part of a portfolio sale of two Everett self storage properties. The listing is presented for sale as a combined transaction, totaling 25,836 square feet.
The properties are located at 3816 Smith Avenue in Everett, Washington (ZIP 98201).
The properties are located at 3816 Smith Avenue in Everett, Washington (ZIP 98201).
Key Highlights
- Portfolio sale includes two Everett self‑storage properties
- Year built: 1975
Local Financial Insights For Warehouse
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 | $368.9k | $14.28 |
| − Vacancy | −$28.8k | −$1.11 |
| EGI | $340.2k | $13.17 |
| − OpEx | −$51.0k | −$1.97 |
| NOI | $289.1k | $11.19 |
25,836 SF · lease $14.28/SF/yr · vacancy 7.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.13M
$3.61M – $4.82M
NOI $289,137 @ 7.0% cap · market cap 4.13%
Second Best
Self Storage
$3.75M
$3.28M – $4.37M
NOI $262,380 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$8.55M
$7.48M – $9.98M
NOI $598,635 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Storehouse Mini Storage
Storage Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Portfolio includes two self storage properties offered for sale.
Where is this self storage facility located?
The property is located at 3816 Smith Avenue Everett, WA.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Portfolio sale includes two Everett self‑storage properties; Year built: 1975
