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.