We are pleased to present an exceptional investment opportunity in the heart of Downtown Wenatchee, Washington. This four-story, fully remodeled brick building offers a unique blend of retail, storage, and expansion potential, making it an attractive asset for investors seeking both current income and future growth. With its prime location, high occupancy, and substantial room for expansion, this property is positioned for long-term value appreciation in a rapidly growing area with strong demographics.
Elite Self Storage, is located in Walla Walla, Washington, along a major corridor Isaacs Avenue. The property overview showcases a prime location and excellent growth potential. The financial analysis indicates strong revenue, with a promising five-year proforma.
Constructed in 2023, this 66,075 NRSF facility, spread across 463 Self Storage Units, is operated by Professional 3rd Party management. The facility features a variety of storage options including ground-level drive-up units, and double-door drive-thru units. Additional income could be added from Tenant Insurance, Retail, and Truck Rental.
The property also offers valuable amenities, including secure gated access, commercial-grade lighting, surveillance systems, fully paved concrete drive aisles, contact-free move-ins, and online and autopay availability. The property is well-poised for continued long-term success.
Seller will guarantee rent of $660,000 for 1 year (can be purchased at a lower price without rent guarantee).
