Parkland Self Storage

2211 112th St S Tacoma WA 98444

Listing #: 595688 | Status: Available | Last Modified: 5/14/2018 |

For Sale

2211 112th St S Tacoma WA 98444

Parkland Self Storage
Agent Information
Showing Instructions
Call Listing AgentYes
Use DiscretionNo

Michael Azose

(425) 974-4236
mazose@azose.com

Jay Azose

(425) 974-4203
jazose@azose.com

Mark O'Shea, CCIM

(425) 974-4201
moshea@azose.com

Azose Commercial Properties

(425) 643-8400

Listing Information
Price
Listing Price$ 10,500,000
$/SF$ 159.49
Listing StatusAvailable
Days On Market64
Asset ClassIndustrial
Search TagsMini-Storage
Investment Information
Investment PropYes
Gross Income$ 1,036,700
Vacancy Factor %10.00%
Operating Expenses$ 328,805
Net Operating Income$ 604,225
CAP Rate5.75 %
Documents (Num of Years Available)
Profit/Loss Years2
Balance Sheet Years2
YTD Operating StatementYes
Detail Listing Information
Min Total SF64,650
Max Total SF64,650
Utilities
Water Yes
Electricity Yes
Other Utilities Yes
Retail Information
Signage Signage on Building and Freestanding
Property Information
Building Information
Building StatusExisting
# of Buildings1
# of Floors2
# of Units552
Total Building Sq/ft65,836
Net Rentable Area65,836
Lot Sq/ft111,514
Acres2.56
Property Type
Property TypeIndustrial
Location
CountyPierce
Market AreaParkland/Midland
Tax ID #0319068020
ZoningCE
Construction
Year Built2000

Public Comments: The offering is for a modern 552 unit self storage facility located just north of JBLM within close proximity to the main arterial interchange between HWY. 512 and Steele St. The facility is located on 2.56 acres and allows an investor to earn consistent cash flow with the potential upside to add additional square footage, cover RV parking, and convert an onsite apartment into additional storage to further increase returns. Currently, the property is operating under the Storage Court brand as one of 12 locations across the greater Puget Sound area. Parkland Self Storage was recently remodeled and upgraded to provide state of the art security and gate access, energy efficient lighting, better signage visibility, and numerous interior improvements.

Search Tags: Mini-Storage,

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