1455 Southwest Blvd Coos Bay, OR 97420
- Residential income homes
- 18,500 SF
- 1.80 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 1455 Southwest Blvd
- Year built
- 1988
- Lot size
- 1.80 lot acres
- Property size
- 18,500 SF
- Property type
- Residential income homes
- Property subtype
- Self storage facilities
Description
This exceptional 110-unit self-storage facility presents a compelling investment opportunity in Coos Bay, Oregon. Located at 1455 Southwest Blvd, 97420, this property boasts a substantial 18,500 square feet of building space on a 1.8-acre lot, with 18,150 square feet of net rentable area. The facility, comprised of six buildings, was initially constructed in 1988 with renovations completed in 2002. Currently operating with a 6.32% cap rate and generating a net operating income (NOI) of $82,102, the asking price is $1,300,000, translating to $70.27 per square foot and $11,818.18 per unit. The property features a secure fenced and gated layout, enhancing tenant safety and security. A long-term caretaker has been on-site for seven years, providing consistent property oversight. The property is zoned C, offering flexibility for future development or expansion. This turnkey operation provides immediate cash flow and significant potential for long-term growth. The property's proven track record and strong tenant base make it an attractive investment for both seasoned and new investors seeking a stable and profitable venture in the thriving Oregon market. Don't miss this chance to acquire a well-maintained, income-producing asset.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Coos Bay
- County
- Coos
- State
- Oregon
- Longitude
- -124.225
- Latitude
- 43.3517
