555 8Th Ave Colville, WA 99114

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.