21205 Fulquartz Lndg Dundee, OR 97115
- Self storage facilities
- 0.99 lot acres
Current Use by Public Records
- Bubba's Boat And RV Storage / Rv Storage Facility
Property Details for 21205 Fulquartz Lndg
- Year built
- 2022
- Lot size
- 0.99 lot acres
- Property type
- Self storage facilities
Description
This exceptional turn-key RV and boat storage business, located at 21205 SE Fulquartz Landing in Dundee, Oregon (97115), presents a lucrative investment opportunity. Built in 2022 on a 0.99-acre lot zoned for light industrial use, this single-story facility boasts 52 units, offering a mix of 24 covered and 28 uncovered spaces. The covered area, measuring 7,500 square feet (150ft x 50ft), provides power hookups for stored vehicles. Uncovered spaces are adaptable to accommodate various RV and boat sizes, with a maximum length capacity of 50 feet. The property features 24-hour access, security cameras, and a fully fenced perimeter for enhanced safety and peace of mind. The business utilizes StorEdge for remote customer sign-ups, streamlining operations. Currently operating at a 44% occupancy rate, this business offers significant growth potential. The asking price is $1,150,000, representing a $22,115.38 price per unit and a 6.15% cap rate with a NOI of $70,780. This sale excludes the existing business name and branding. The property's convenient location near Highway 99W, between Portland and McMinnville, provides easy access for customers in the heart of the Willamette Valley Wine Country. This is an owner/user investment opportunity with strong potential for increased profitability.
Value Estimation
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Location Insight
- Map
- Local Demand
- City
- Dundee
- County
- Yamhill
- State
- Oregon
- Longitude
- -123.019
- Latitude
- 45.2631
