100 Pardee Ln - Self-Storage Facilities FOR SALE


Grants Pass, OR 97527
$600,000 USD
541-944-9967
100 Pardee Ln, Grants Pass, OR for Sale
$600,000 USD
Self-Storage Facilities - FOR SALE
1/22
null | Request Cap Rate

100 Pardee Ln
Grants Pass, OR 97527


OVERVIEW

Merit Commercial Real Estate is pleased to exclusively present 100 Pardee Lane, located in beautiful Grants Pass, Oregon (the "Subject"). The Subject is one of only a handful of established self-storage facilities in Southern Oregon available for purchase. An ideal 'starter' facility, the Subject include a very approachable 45 units (including 2 modular containers), with room to possibly add additional units. Sited off of the high-traffic Redwood Avenue (± 11,897 VPD), the Subject enjoys easy access and great visibility. Tenants may turn right or left onto Redwood Avenue with a center turning lane. Visibility is exceptional, with a permanent two-sided sign facing the street. The Subject has a long history of consistent income, and is positioned well as a value-add opportunity. For a focused operator, revenue could be substantially increased and the appeal of the property could be improved with a few key upgrades. While already fully fenced, repairs and aesthetic improvements are easy items to prioritize. Improved lighting, landscaping, signage, and general cleaning are also 'low-hanging fruit' for a buyer to implement. There is additional space that could be maximized with the construction or installation of modular storage units (buyer to verify). The Subject is well within the path of progress and will likely continue to see substantial residential development in the surrounding area of SW Grants Pass. Ideal for a new storage operator, or an easy addition to an existing portfolio, 100 Pardee Lane presents a rare opportunity for a close-in, established, simple storage facility in Grants Pass. Contact the listing brokers today for additional information! Buyer is responsible for any and all due diligence, including environmental, licensing, use, legality, and all other items.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$75 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

GC

APN/PARCEL ID

R319729

ASK ABOUT THIS PROPERTY

Caspian HoehneMerit Commercial Real Estate LLCMore Info
541-944-9967

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Caspian HoehneMerit Commercial Real Estate LLCMore Info
541-944-9967

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