canyon mini storage

9424 Canyon Rd E., Puyallup, WA, Pierce 98371

Self Storage

RNC, Pierce County

Added: 2016-11-02 Updated: 2019-05-23

Active $2,050,000

100% occupied cash flow property for sale. Canyon Mini storage is 57 unit / 4,336 sqft self-storage facility located on busy Canyon road near SR-512. The property includes a 6,800 sqft NNN office/warehouse that is being leased to a growing print business and a 1,700 sqft manufactured home that is currently being rented. The property offers a value add upside on the self-storage and makes the facility an excellent investment now and for the future. The balance of tenants and property types provide all weather investment that will perform in multiple market conditions. The location in South Tacoma is primed for growth and the area is experiencing very low vacancy sub 10% in both industrial and self-storage space. This demand will continue as industry and population shift south and high barriers to entry restrict new supply. The property will continue to benefit from the highly visible location near a busy retail center.

Listing contacts

Andrew Hunter
SVN | Raven
(425) 375-5200

Median household income (5-mile radius) 82,042

Renters occupied (5-mile radius) 38%

Num of competitors (5-mile radius) 49

Sq.Ft. per capita (1-mile radius) 27.37

5x5 unit average price $57

5x10 unit average price $86

10x10 unit average price $143

Number of units 57

APN # 555551-5934

Lot Size (acres) 1.03

Zoning RNC, Pierce County

Physical Occupancy 95%

Year Built 1995

Analyze the location

Feasibility study

100% occupied 4,336 sqft self-storage facility
New 5 year NNN lease for print shop
House on site can function as a rental for additional income or a live in manager or owner occupied unit
Property in located in a an area experiencing economic and population growth
Good balance of income streams from multiple tenants and property types provide a diversified property investment
Development potential with General Commercial zoning 45 ft height allowance and reduced setbacks
Property appraised in 2016 (available by request) for $1.8M before rent escalations and AMS Auto NNN lease payments

Located on busy Canyon Road in Puyallup

Drive Time:

▣ 0-5 minutes
▣ 6-10 minutes
▣ 11-15 minutes
▣ 16-20 minutes

canyon mini storage

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