16680 Box Way, La Pine, OR 97739-7537

This exceptional investment opportunity presents a 51-unit self-storage facility in La Pine, Oregon, situated on a 0.43-acre lot at 16680 Box Way, 97739. Built in 2022, the property comprises four single-story buildings totaling 18,731 square feet, with 5,360 square feet of net rentable space. Currently boasting an 84% occupancy rate, the facility offers significant upside potential for increased revenue through rent optimization. The property features modern management tools, enabling remote management and online rentals, streamlining operations. With a current NOI of $43,628 and an asking price of $775,000, this property presents a compelling 5.63% cap rate and a price per unit of $15,196.08. Located in Deschutes County, approximately 30 minutes south of Bend, Oregon, the property benefits from its proximity to outdoor recreational activities and a strong population base. The property is zoned LPIND. This is an ideal investment for both experienced investors and first-time buyers seeking a high-growth potential asset in a desirable location. The property is vacant and available for immediate acquisition. The gross lease structure simplifies management.