Iron Boxx Self Storage - Belfair Foundation Group is pleased to present Iron Boxx Belfair Self Storage, a fully modernized self-storage facility offering a diverse mix of income-generating assets, including 69 storage units, a mobile home, a cell tower with an active lease (expiring in 2027), and a vacant lot with development potential. This property is strategically positioned in Belfair’s rapidly expanding market, benefiting from significant residential and commercial growth in the area. STRATEGIC LOCATION Iron Boxx Belfair is prominently situated along WA State Highway 3, serving as a key corridor between the industrial zone to the northeast and the gateway to downtown Belfair. The property stands to benefit from ongoing local development, including the recently completed Belfair View Apartments (2022) and the Lennar at Olympic Ridge project, which will add over 150 brand-new homes to the market. With Belfair experiencing double-digit population growth year over year, this facility is positioned for long-term appreciation and increasing demand for storage solutions. FULLY MODERNIZED ASSET Undergoing a comprehensive overhaul in 2022, Iron Boxx Belfair now features: • State-of-the-art security systems with upgraded access control • New roll-up steel doors and completely resurfaced asphalt & gravel • A full mobile home renovation, enhancing its rental value • Updated electrical wiring throughout the facility • A newly installed roof, improving long-term durability • These capital improvements ensure a low-maintenance, turn-key investment with minimal operational complexity No seller financing or assumable debt available. 7.5% cap includes occupancy of 68%, cell tower income and mobile home income. Upside is in stabilization effort. If units are leased at street rate and account for 10% vacancy cap rate adjusts to 9.36%. See OM for more details.