28004 SR 410 E, Buckley, WA 98321
- $14,650,000
Listing courtesy of Keller Williams Rlty Bellevue. Selling Office: NWMLS-NonOffice.
- Sold Price
- $14,650,000
- List Price
- $14,650,000
- Status
- SOLD
- MLS#
- 2363294
- Closing Date
- Apr 15, 2025
- Days on Market
- 0
Property Description
Sale of Western Self Storage in Buckley. Building constructed between 1979-1999 in phases. Total acreage is 10.3687 acres plus 564 storage units totaling 115,688 feet. Sale includes manager residence and seller permitting and development of adjacent parcel for open RV storage. Value-add opportunities: 1) Below market rents for long-term tenants. 2) Added income from development of permitted surplus acreage. 3) Rental value of offsite home. Value-added cap rate potential 6.41%.
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Additional Information
- Community
- Buckley
- Building Condition
- Good
- Style
- 71 - Light Indrl.
- Net Operating Income
- $752,678
- Gross Adjusted Income
- $1,137,941
- Cap Rate
- 5.14
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