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Mini-Storage

Grays Harbor County

$365,000

Yes

Mini-Storage

MINI STORAGE

Offered for sale is a 51 unit mini storage located in Grays Harbor County (only 30 minutes West of Olympia). The total building space is ~ 7900 sq feet

The current owners originally built this facility 10 years ago and have kept it in a very clean condition. Occupancy has always been near 100%. It is located on 2+ acres near Hiway 12 and very visible to passing motorists. An expansion of up to 20 additional units is possible. Ground space for RV storage is also available.

The Storage Units can best be described as follows:

Dimensions (feet)	Sq feet/unit	No. of Units	Monthly Rent/Unit	Monthly Income	Last rent increase
10 * 14	140	6	$62.00	$372.00		recent
10 * 12	120	28	$52.00	$1,456.00		recent
12 * 20	240	7	$82.00	$574.00		recent
10 * 20	200	10	$72.00	$720.00		recent
Totals		51		$3,122.00

There is no home or office on the property. The current owner live a few miles away. They desire to retire.

The owners agree to sell the mini storage at a price that would allow for an 8.0 % CAP rate. At the current time, that would allow for a sales price of $ 379,900. No Seller Terms. All cash on closing.

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