Spokane, WA – Ryan Layton of AREA Commercial Real Estate is pleased to announce the sale of Meadowlark Self-Storage in Tonakset, Washington. The facility offers 82 steel framed storage units totaling 13,400 rentable square feet and is at +98% occupancy, $78.35/SF. Meadowlark is located in the beautiful Okanogan Valley in Central Washington State, conveniently accessed right off Interstate 97 near the Washington and Canada border. The facility consists of two steel framed storage buildings with a secure in/out access gate along with a security system. There is room for expansion and rental rate increases. Ryan received multiple offers and secured lender financing. The buyer is local and has purchased two facilities in the market.
Ryan Layton is the Argus Self Storage Advisors broker affiliate covering Eastern Washington and Northern Idaho, he can be reached at 509-435-2424.
Based in Denver, Colorado, Argus Self Storage Advisors was formed in 1994 to assist owners and investors of self-storage with their real estate needs. Through the years, Argus has assembled a network of real estate brokers experienced in self-storage and income property investments. Now the largest self-storage brokerage network in the United States, Argus has 36 Broker Affiliates covering nearly 40 markets. These brokers are able to meet the needs of self storage investors and owners whether it is acting as a buyer’s agent or listing and marketing a property. For more information call 1-800-55-STORE or visit www.argus-selfstorage.com.