2035 Commerce St, Enumclaw, WA 98022
220,380 SF Specialty Building Offered at $35,000,000 at a 4.01% Cap Rate in Enumclaw, WA 98022
For Sale
Active
Asking Price $35,000,000
- Property Type
-
Specialty
- Square Feet
- 220,380 SF
- Price / Square Foot
- $159
Listing Contacts
Christopher Secreto
Property Overview
Contact Sam Olson for more information at 503-200-2060 or email at [email protected]
MARKETING DESCRIPTION
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.
LOCATION OVERVIEW:
Enumclaw is located in southeast King County less than an hour from Tacoma and SeaTac International Airport. It is a bedroom community to Tacoma and to cities in south King County. Enumclaw is also the gateway to Mount Rainier National Park and the popular Crystal Mountain Ski Resort.
The city’s economy is focused on tourist friendly, locally owned businesses such as boutiques, eateries, wine bars, spas, and salons. Enumclaw has year-round outdoor recreational opportunities and also hosts seasonal events like wine walks, parades and a summer street fair.
Local recreation includes golf, tennis and youth sports facilities. Crystal Mountain Ski Resort provides excellent skiing conditions. The Enumclaw Expo Center hosts various events, and entertainment options include concerts and gaming at the nearby White River Amphitheater and Muckleshoot Casino.
Recognized for attractive homes, historic neighborhoods and well-kept yards, it stands as one of King County’s most appealing communities. The surrounding plateau is home to over 40,000 residents.
MARKETING DESCRIPTION
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.
LOCATION OVERVIEW:
Enumclaw is located in southeast King County less than an hour from Tacoma and SeaTac International Airport. It is a bedroom community to Tacoma and to cities in south King County. Enumclaw is also the gateway to Mount Rainier National Park and the popular Crystal Mountain Ski Resort.
The city’s economy is focused on tourist friendly, locally owned businesses such as boutiques, eateries, wine bars, spas, and salons. Enumclaw has year-round outdoor recreational opportunities and also hosts seasonal events like wine walks, parades and a summer street fair.
Local recreation includes golf, tennis and youth sports facilities. Crystal Mountain Ski Resort provides excellent skiing conditions. The Enumclaw Expo Center hosts various events, and entertainment options include concerts and gaming at the nearby White River Amphitheater and Muckleshoot Casino.
Recognized for attractive homes, historic neighborhoods and well-kept yards, it stands as one of King County’s most appealing communities. The surrounding plateau is home to over 40,000 residents.
Property Details
- Class
- B
- Year Built/Renovated
- 2007/2020
- Stories
- 1
- Property Subtype
- Self-Storage
- Lot Size (sq. ft)
- 502,682 SF
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
Nearby Properties
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