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Self-Storage Facility

Enumclaw Plateau Heated Storage

2035 Commerce St, Enumclaw, WA 98022

Listing Price: $35,000,000

Cap Rate
4.00%
Number of Units
1,127
Occupancy
74.0%
Gross SF
220,380
Rentable SF
220,380
Price/Rentable SF
$158.82
Year Built
2007

Investment Overview

Enumclaw Plateau Heated Storage consists of 1,082 fully enclosed self-storage units and 45 RV/vehicle parking spaces. Of the 45 vehicle spaces, 43 are covered. The self-storage net rentable area is 193,410 square feet and 220,380 rentable square feet in total. The site is situated on 5 tax parcels which total 11.54 acres.

The Facility was built in 2007 and expanded in 2020. The first phase opened in 2007 and consists of 75,205 square feet. The second phase opened in 2020 and consists of 145,175 square feet. Phase 2 is still in its initial stabilization.

The Facility benefits from a highly visible location off Highway 410 which runs along the east side of the site with approximately 11,422 vehicles per day.

In addition, there are approximately 700 units of apartments or single-family homes that have been completed, under construction or planned within a 3-mile radius of the Facility.

The site is paved with asphalt and is secured with perimeter fencing. Entrance is accessed through 2 electronic gates with in and out keypad access. The Facility is equipped with 24-hour surveillance and a modern security system. The site is protected with security cameras. Phase I is protected with fire extinguishers and Phase 2 is sprinkled.

As of December 2023, the Facility was 69% occupied by units, 69% by square feet and 74% economically occupied.

Investment Highlights

  • King County, Washington Self Storage Offering
  • Phase 1 Built 2007 -- 75,205 SF
  • Phase 2 Built 2020 -- 145,175 SF
  • 1,127 Units; 220,380 NRSF
  • All Single-Story Buildings
  • Two Story Rental Office with Loft
  • 40 Miles South of Seattle
  • 30 Miles Southeast of Seattle-Tacoma International Airport

Exclusively Listed By

Financing By

Self-Storage Facility

Enumclaw Plateau Heated Storage

Listing Price: $35,000,000

Cap Rate
4.00%
Number of Units
1,127
Occupancy
74.0%
Gross SF
220,380
Rentable SF
220,380
Price/Rentable SF
$158.82
Year Built
2007

Investment Highlights

  • King County, Washington Self Storage Offering
  • Phase 1 Built 2007 -- 75,205 SF
  • Phase 2 Built 2020 -- 145,175 SF
  • 1,127 Units; 220,380 NRSF
  • All Single-Story Buildings
  • Two Story Rental Office with Loft
  • 40 Miles South of Seattle
  • 30 Miles Southeast of Seattle-Tacoma International Airport

Investment Overview

Enumclaw Plateau Heated Storage consists of 1,082 fully enclosed self-storage units and 45 RV/vehicle parking spaces. Of the 45 vehicle spaces, 43 are covered. The self-storage net rentable area is 193,410 square feet and 220,380 rentable square feet in total. The site is situated on 5 tax parcels which total 11.54 acres. The Facility was built in 2007 and expanded in 2020. The first phase opened in 2007 and consists of 75,205 square feet. The second phase opened in 2020 and consists of 145,175 square feet. Phase 2 is still in its initial stabilization. The Facility benefits from a highly visible location off Highway 410 which runs along the east side of the site with approximately 11,422 vehicles per day. In addition, there are approximately 700 units of apartments or single-family homes that have been completed, under construction or planned within a 3-mile radius of the Facility. The site is paved with asphalt and is secured with perimeter fencing. Entrance is accessed through 2 electronic gates with in and out keypad access. The Facility is equipped with 24-hour surveillance and a modern security system. The site is protected with security cameras. Phase I is protected with fire extinguishers and Phase 2 is sprinkled. As of December 2023, the Facility was 69% occupied by units, 69% by square feet and 74% economically occupied.

Exclusively Listed By

Financing By

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