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Self-Storage Facility

Lincoln Storage

315 Glenn St N, Vale, OR 97918

Listing Price: $2,278,000

Cap Rate
1.00%
Number of Units
188
Occupancy
97.0%
Gross SF
27,633
Rentable SF
27,633
Price/Rentable SF
$82.44
Year Built
1976

Investment Overview

STRONG REVENUE GROWTH // Over the last two years revenue has increased 18 percent while maintaining occupancy in the mid to high 90 percent range. New ownership can continue to push rates and increase collected revenues for the foreseeable future. LIMITED INVENTORY // The closest competitor to the property is 12 miles away. Lincoln Storage is the only storage facility in Vale, OR and has historically been very well occupied. The facility is currently 97 percent physically occupied and 96 per cent economically occupied (March 2022). OPERATIONAL UPSIDE // The facility is run completely remotely with no onsite presence. A new owner would benefit from implementing more dynamic revenue management and implementing a tenant insurance sales plan. GOOD VISIBILITY // Located in the heart of Vale, OR the property is located on Highway 20 and Highway 26 which combine for 7,200 vehicles per day.

Investment Highlights

  • STRONG REVENUE GROWTH
  • LIMITED INVENTORY
  • OPERATIONAL UPSIDE
  • GOOD VISIBILITY

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s) OR: 201209561

    Oregon

Self-Storage Facility

Lincoln Storage

Listing Price: $2,278,000

Cap Rate
1.00%
Number of Units
188
Occupancy
97.0%
Gross SF
27,633
Rentable SF
27,633
Price/Rentable SF
$82.44
Year Built
1976

Investment Highlights

  • STRONG REVENUE GROWTH
  • LIMITED INVENTORY
  • OPERATIONAL UPSIDE
  • GOOD VISIBILITY

Investment Overview

STRONG REVENUE GROWTH // Over the last two years revenue has increased 18 percent while maintaining occupancy in the mid to high 90 percent range. New ownership can continue to push rates and increase collected revenues for the foreseeable future. LIMITED INVENTORY // The closest competitor to the property is 12 miles away. Lincoln Storage is the only storage facility in Vale, OR and has historically been very well occupied. The facility is currently 97 percent physically occupied and 96 per cent economically occupied (March 2022). OPERATIONAL UPSIDE // The facility is run completely remotely with no onsite presence. A new owner would benefit from implementing more dynamic revenue management and implementing a tenant insurance sales plan. GOOD VISIBILITY // Located in the heart of Vale, OR the property is located on Highway 20 and Highway 26 which combine for 7,200 vehicles per day.

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s): OR: 201209561

    Oregon

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