3606 Grade Rd, Lake Stevens, WA 98258
96,780 SF Specialty Building Offered at $2,900,000 in Lake Stevens, WA 98258
For Sale
Active
Asking Price $2,900,000
- Property Type
-
Specialty
- Square Feet
- 96,780 SF
- Price / Square Foot
- $30
Listing Contacts
Property Overview
Grade Road Self Storage (the “Property”) is a “shovel ready” self storage development opportunity in the extremely high barrier to entry Seattle MSA submarket of Lake Stevens, Washington.
All entitlements and plans have been approved. The permit has been paid for and pulled. An investor may commence construction the day of closing alleviating risk and drastically reducing carry costs. The site is strategically situated on Granite Falls Highway and enjoys over 750 linear feet of frontage on this highly traveled corridor with over 15,000 cars per day. Granite Falls Highway is the first corridor immediately north of Lake Stevens to allow for uninterrupted east/ west travel making this a dynamic location.
This Class “A”, trophy style asset has been designed to institutional standards making use of clean, contemporary architecture, a high-end glass façade exposing interior roll up doors, decorative CMU block and a standing seam metal roof. There will be three stories above grade along with a basement level. Grade Road Self Storage will provide 73,920 rentable square feet of heated storage space across 690 units. The average unit size is 107 square feet. This trade area has an extremely low amount of comparable product with a current climate-controlled SF per capita ratio of 2.81. There is no new storage supply currently slated in the trade area.
All entitlements and plans have been approved. The permit has been paid for and pulled. An investor may commence construction the day of closing alleviating risk and drastically reducing carry costs. The site is strategically situated on Granite Falls Highway and enjoys over 750 linear feet of frontage on this highly traveled corridor with over 15,000 cars per day. Granite Falls Highway is the first corridor immediately north of Lake Stevens to allow for uninterrupted east/ west travel making this a dynamic location.
This Class “A”, trophy style asset has been designed to institutional standards making use of clean, contemporary architecture, a high-end glass façade exposing interior roll up doors, decorative CMU block and a standing seam metal roof. There will be three stories above grade along with a basement level. Grade Road Self Storage will provide 73,920 rentable square feet of heated storage space across 690 units. The average unit size is 107 square feet. This trade area has an extremely low amount of comparable product with a current climate-controlled SF per capita ratio of 2.81. There is no new storage supply currently slated in the trade area.
Property Details
- Class
- A
- Stories
- 4
- Property Subtype
- Self-Storage
- Lot Size (sq. ft)
- 180,774 SF
Highlights
- Shovel ready site with approved plan set and permits pulled and paid for.
- Fully entitled project with an approved plan set.
- Institutional quality planning, design and architecture.
- Facility to offer 96% heated units in a trade area that is undersupplied for climate space
- Favorable average unit size for suburban location of 107 square feet.
- Attractive contemporary design of steel framing, a glass façade and decorative CMU block.
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