11503 74Th AveVancouver, WA 98662

For Sale
Call for price

High-growth Vancouver, WA self storage

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Class A self-storage facility in Vancouver, WA, presents a compelling value-add investment opportunity. Boasting 81,345 rentable square feet across nine single-story buildings, the property currently features 564 units with 45% occupancy. Constructed in 2023, it benefits from a highly desirable location with 450 feet of frontage on NE 72nd Ave, experiencing over 19,000 vehicles daily. The property includes a mix of heated and unheated units, large enclosed RV parking spaces, and rare heated drive-up access units. A significant advantage is the fully approved 22,175 square foot Phase II expansion plan, allowing for substantial future growth and increased revenue potential. The property sits on a 6.4-acre lot zoned CC (Community Commercial) in Clark County, an area that has seen a 51% population increase since 2000. This presents a unique chance to capitalize on a rapidly growing market and a high-quality asset with strong potential for increased occupancy and returns. The property's current occupancy is 45%, with significant upside potential given the approved expansion and strong market demand. This is a rare opportunity to acquire a newly constructed, Class A self-storage facility with immediate income and significant long-term growth prospects.

Highlights

  • 59% occupancy with strong lease-up velocity.
  • Class A construction, Certificate of Occupancy issued August 2023.
  • Approved 22,175 SF Phase II expansion potential.
  • High visibility: 450' of frontage on NE 72nd Ave, over 19,000 VPD.
  • Clark County population growth of 51% since 2000.

Property Details for 11503 74Th Ave

Property type
Self storage facilities, Industrial properties
Square Feet
81,345 SF
Class
A
Year Built
2023
Buildings
9
Stories
1
Lot Size (sq. ft)
278,784 SF
Units
564

Location Insight

City
Vancouver
County
Clark
State
Washington
Latitude
45.705030818324
Longitude
-122.59950393869
11503 74Th Ave, Vancouver, Washington

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11503 74Th Ave
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