301 1St St, Yelm, WA 98597
31,130 SF Specialty Building Offered at $4,400,000 at a 5.87% Cap Rate in Yelm, WA 98597
For Sale
Active
Asking Price $4,400,000
- Property Type
-
Specialty
- Square Feet
- 31,130 SF
- Price / Square Foot
- $141
Listing Contacts
Tyler Kanda
Property Overview
Prime commercial real estate opportunity in Yelm, Washington! A 275-unit storage complex with roughly 18% under local market rents and potential to add approximately 36-40 more units. Located in a thriving area, it offers a strategic advantage for investors. Benefit from strong tenant demand, strong historical occupancy, potential rental rate increases, and solid cash flow. With a high occupancy proven track record, this turnkey investment promises long-term appreciation and high returns. Don't miss out on this exceptional opportunity in Yelm's growing market.
This Property has Strong Track Record of Occupancy:
2021 - 99%-100%
2022 - 99%-100%
2023 - Rents increased Current Vacancy at 95%
Last Month Total Cash in: $28,745.23 at 95% Occupancy
If extra units added, increases Potential rental income by $3,840 Monthly and $46,080 Annually.
More information in reference to financials is available upon request. Feel free to reach out to me via email or phone. [email protected] (360)-789-9846
This Property has Strong Track Record of Occupancy:
2021 - 99%-100%
2022 - 99%-100%
2023 - Rents increased Current Vacancy at 95%
Last Month Total Cash in: $28,745.23 at 95% Occupancy
If extra units added, increases Potential rental income by $3,840 Monthly and $46,080 Annually.
More information in reference to financials is available upon request. Feel free to reach out to me via email or phone. [email protected] (360)-789-9846
Property Details
- Year Built
- 1980
- Stories
- 1
- Property Subtype
- Self-Storage
- Lot Size (sq. ft)
- 101,930 SF
Highlights
- Great Track Record of Occupancy Between 99-100 on average in 2021 and 2022, 2023 dropped slightly due to rental increase but is at 95%
- Space to add approximately 36-40 more units.
- Current Rents are estimated to be under market by roughly 18%
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