517 S Wenatchee Ave - Self-Storage Facilities FOR SALE


Wenatchee, WA 98801
$4,950,000 USD
509-435-2424
517 S Wenatchee Ave, Wenatchee, WA for Sale
$4,950,000 USD
Self-Storage Facilities - FOR SALE
1/16
null | 5.79% Cap Rate

517 S Wenatchee Ave
Wenatchee, WA 98801


HIGHLIGHTS

  • Located in Downtown Wenatchee, WA, a vastly growing area with strong demographics
  • (7) Retail Spaces -100% occupied - 12,094 SF of retail space-100% occupied
  • 21,144 SF of existing self storage NRSF - Storage: 68% physical occupancy
  • 20,000 SF of expansion self storage NRSF
  • 1st floor fully remodeled (5) retail spaces-100% occupied

OVERVIEW

This four-story, fully remodeled 53,217 NRSF, 236 Unit, brick building offers a unique blend of retail, storage, and expansion potential, making it an attractive asset for investors seeking both current income and future growth (+/- 20,000 SF Expansion Avil). With its prime location, high occupancy, and substantial room for expansion, this property is positioned for long-term value appreciation in a rapidly growing area with strong demographics. We are pleased to present an exceptional investment opportunity in the heart of Downtown Wenatchee, Washington. Seller Financing Available (30% down | 5.5% interest rate | 36 mo. I/O | 25 yr. amort. yr 4 & 5 | 60 mo. balloon)

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$93 USD /SF

CAP RATE

5.79%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

529 Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,110 SF

ZONING

Commercial

APN/PARCEL ID

222010815400

ASK ABOUT THIS PROPERTY

Ryan LaytonAmerican Real Estate Associates, IncMore Info
509-435-2424

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Ryan LaytonAmerican Real Estate Associates, IncMore Info
509-435-2424

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.