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Self-Storage Portfolio in Grant County

434 A St NE Ephrata, WA 98823

434 A St NE, Ephrata, WA, 98823
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Three self-storage properties with expansion upside in Washington's Columbia Basin.

Property Size101,424 SF
Price / SF$67.54
AddedMay 22
Days on Market56
Last RefreshJul 15 at 9:24 pm

Property Features for 434 A St NE

General Information

Standard status
Active
Size
101,424 SF
Property subtype
Self Storage

Building Details

Year Built
1998

Listing office American RE Associates, Inc.

Listing date May 22, 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 American RE Associates, Inc.


Investment Insights

Based on property information with market context.

The Yenney Storage portfolio comprises three self-storage properties strategically located across Ephrata and Soap Lake, Washington, serving the broader Grant County trade area within the Columbia Basin. The portfolio totals approximately 625 units plus outdoor parking, offering a diverse mix of unit sizes, drive-up access, and vehicle storage catering to residential, commercial, and recreational users. The assets benefit from strong visibility along key regional corridors, including Highway 28, and are positioned to capture demand from both local population growth and seasonal tourism traffic to Sun Lakes, Banks Lake, and Lake Roosevelt. The Basin St. and Soap Lake properties front Highway 28, which experiences an Average Daily Traffic (ADT) of 15,000 cars from Memorial Day to Labor Day, totaling 2.2 million cars per summer. The portfolio features a combination of established facilities with proven occupancy and newer construction (2015–2023), providing a balance of in-place cash flow and expansion upside. Collectively, the properties serve a broad rural trade area with limited institutional competition, supporting durable demand driven by agriculture, small business users, and recreational storage needs. The property size is 101424 square feet.

Key Highlights

  • Strategically located self‑storage portfolio serving the broader Grant County trade area.
  • Approximately 625 units plus outdoor parking, offering a diverse mix of unit sizes and drive‑up access.
  • Strong visibility along key regional corridors, including Highway 28, with high traffic counts.

Local 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 $912.8k $9.00
− Vacancy −$59.3k −$0.59
EGI $853.5k $8.42
− OpEx −$256.0k −$2.52
NOI $597.4k $5.89
101,424 SF · lease $9.00/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Self Storage
$11.20M
$9.80M – $13.06M (±1% cap)
NOI $783,805 @ 7.0% cap · market cap 11.44%
Second Best
Industrial
$8.53M
$7.47M – $9.96M (±1% cap)
NOI $597,438 @ 7.0% cap · market cap 8.72%
Theoretical Best
Office A
$22.03M
$19.28M – $25.70M (±1% cap)
NOI $1,542,294 @ 7.0% cap · market cap 22.52%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Yenney Mini Storage Storage Facility

Suggested Use

Dental Office HVAC Service Real Estate Agency Electrical Service Grocery & Convenience Store Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Auto Parts Store Locksmith Food Market

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

FAQs

What type of property is this?
Self storage facility - Three self-storage properties with expansion upside in Washington's Columbia Basin.
Where is this self storage facility located?
The property is located at 434 A St NE Ephrata, WA.
What is the asking price?
The asking price for this property is $6,850,000.
What are key features of this property?
This property features: Strategically located self‑storage portfolio serving the broader Grant County trade area.; Approximately 625 units plus outdoor parking, offering a diverse mix of unit sizes and drive‑up access.; Strong visibility along key regional corridors, including Highway 28, with high traffic counts.
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