555 8Th Ave Colville, WA 99114
- Self storage facilities
- 8,380 SF
Current Use by Public Records
- Colville Mini Storage / Self-Storage Facility
Property Details for 555 8Th Ave
- Year built
- 1998
- Property size
- 8,380 SF
- Property type
- Self storage facilities
- APN
- 0079575
Description
This exceptional self-storage investment opportunity presents a fully occupied, 49-unit mini-storage facility in Colville, Washington. Built in 1998 and renovated in 2023, the property boasts 8,380 net rentable square feet across two single-story buildings situated on a 17,860 square foot lot. Currently operating at 100% occupancy, the property generates a strong NOI of $51,372, representing a 6.05% cap rate with a pro-forma cap rate of 7.16%. The asking price is $849,000, translating to $101.31 per square foot and $17,326.53 per unit. The property features a variety of unit types, including ground-level drive-up units and interior hallway units, along with covered boat/RV spaces. Amenities include secure gated access and online payment options. The property benefits from its convenient location near grocery stores and highways, serving a diverse customer base in a strong job market with an average household income of $63,098. Four parking spaces are available on-site. The property is zoned commercial and operates under a gross lease agreement with multiple tenants. This fee-simple ownership presents a stable, cash-flowing investment with significant potential for value appreciation. The property's strong financials and high occupancy rate make it an attractive proposition for investors seeking a reliable and long-term return in the self-storage sector. The property's APN is 0079575.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Colville
- County
- Stevens
- State
- Washington
- Longitude
- -117.91269910843
- Latitude
- 48.552006546644
