1006 S Pacific Hwy - Self-Storage Facilities FOR SALE


Talent, OR 97540
$3,700,000 USD
503-279-1743
1006 S Pacific Hwy, Talent, OR for Sale
$3,700,000 USD
Self-Storage Facilities - FOR SALE
1/13
null | 7% Cap Rate

1006 S Pacific Hwy
Talent, OR 97540


HIGHLIGHTS

  • Efficient Size and Unit Mix: 31,036 Net Rentable Square Feet across 177 units, built in 1994 on a 2.4-acre site including commercial and duplex income
  • Improve Operational Efficiencies: Opportunity to bring in more sophisticated operating platform to drive occupancy and capture additional market share
  • Immediate Upside Potential: The property is 75% occupied presenting immediate upside through lease up of vacant units
  • Strategic Corridor Location: Highly visible along Hwy 99, the primary commercial arterial connecting Medford and Ashland with over 8,700 VPD
  • Drive-Up Dominant Unit Mix: Approximately 88% of the facility’s 31,036 NRSF consists of drive-up, non-climate units
  • Diversified Income Streams: Self-storage, parking, apartment and commercial tenants provide several different income streams increasing stability

OVERVIEW

Built in phases since 1994 on a 2.4-acre site, the facility comprises 31,036 net rentable square feet across 177 units, including 134 storage units totaling 24,652 NRSF and a 4,560 NRSF commercial space leased to Elements Restoration and 39 surface parking spaces. Additional rental income is derived from a fully occupied two-story duplex on property. Fronting S Pacific Highway at 1006 South Pacific Hwy, the property benefits from strong drive-by visibility and consistent exposure along the primary north-south commercial corridor linking the towns of Medford, Phoenix, Talent, and Ashland. This well-traveled corridor maintains the majority of the established retail and commercial properties within the trade area and throughout the valley, ensuring visibility and easy accessibility to both existing and prospective tenants. This offering is currently 75% occupied and represents an opportunity to acquire an established and highly visible self-storage asset with significant value-add potential.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$211 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stack-It Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.4 AC

LAND SF

104,544 SF

ZONING

C-3

APN/PARCEL ID

10277066

ASK ABOUT THIS PROPERTY

Jim LewisCushman & Wakefield of Oregon, Inc.More Info
503-279-1743

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Jim LewisCushman & Wakefield of Oregon, Inc.More Info
503-279-1743

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