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Self-Storage Facility

Ballard Mini-Storage

4714 Ballard Ave NW, Seattle, WA 98107

Listing Price: $9,500,000

Cap Rate
3.50%
Number of Units
569
Occupancy
74.8%
Gross SF
22,500
Rentable SF
21,910
Price/Rentable SF
$433.59
Year Built
1989

Investment Overview

The Hatcher Group of Marcus & Millichap is pleased to exclusively offer for sale Ballard Mini Storage located in Seattle, Washington. The facility consists of 368 non climate- controlled units totaling 21,155 net rentable square feet. The facility also includes 199 mailboxes and one parking space available for rent. This is a stabilized cash flowing facility that is currently 87% physically occupied. The property is fully secured with an on-site management office, and 24-hour video surveillance. The location of this facility benefits from an extremely dense, affluent, and growing surrounding population. The population within five miles of the facility is 454,134, which represents a 33% increase since 2000 and is expected to continue to grow over the next five years. The property is in downtown Seattle and just two blocks away from 15th Avenue Northwest which sees 57,500 cars per day. Seattle is also known as the headquarters of Microsoft, Amazon, and Starbucks. The facility is surrounded by tons of restaurants, retail stores, car dealerships, businesses, fitness facilities, and so much more. They are also located less than five miles from the Woodland Park Zoo and the University of Washington. This provides the facility with great street frontage and high demand with such a populous and busy surrounding area.

Investment Highlights

  • Seattle MSA Self Storage Offering
  • 21,155 Net Rentable Square Feet
  • 368 Non-Climate Controlled Units

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Financing By

Self-Storage Facility

Ballard Mini-Storage

Listing Price: $9,500,000

Cap Rate
3.50%
Number of Units
569
Occupancy
74.8%
Gross SF
22,500
Rentable SF
21,910
Price/Rentable SF
$433.59
Year Built
1989

Investment Highlights

  • Seattle MSA Self Storage Offering
  • 21,155 Net Rentable Square Feet
  • 368 Non-Climate Controlled Units

Investment Overview

The Hatcher Group of Marcus & Millichap is pleased to exclusively offer for sale Ballard Mini Storage located in Seattle, Washington. The facility consists of 368 non climate- controlled units totaling 21,155 net rentable square feet. The facility also includes 199 mailboxes and one parking space available for rent. This is a stabilized cash flowing facility that is currently 87% physically occupied. The property is fully secured with an on-site management office, and 24-hour video surveillance. The location of this facility benefits from an extremely dense, affluent, and growing surrounding population. The population within five miles of the facility is 454,134, which represents a 33% increase since 2000 and is expected to continue to grow over the next five years. The property is in downtown Seattle and just two blocks away from 15th Avenue Northwest which sees 57,500 cars per day. Seattle is also known as the headquarters of Microsoft, Amazon, and Starbucks. The facility is surrounded by tons of restaurants, retail stores, car dealerships, businesses, fitness facilities, and so much more. They are also located less than five miles from the Woodland Park Zoo and the University of Washington. This provides the facility with great street frontage and high demand with such a populous and busy surrounding area.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

Financing By

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