25657 Redwood Hwy - Self-Storage Facilities FOR SALE


Cave Junction, OR 97523
$3,200,000 USD
541-890-6708
25657 Redwood Hwy, Cave Junction, OR for Sale
$3,200,000 USD
Self-Storage Facilities - FOR SALE
1/56
null | 7.44% Cap Rate

25657 Redwood Hwy
Cave Junction, OR 97523


HIGHLIGHTS

  • Extremely High Visibility
  • A One-Of-A-Kind Asset
  • Significant Upside

OVERVIEW

Merit Commercial Real Estate is pleased to exclusively present 25657 Redwood Highway, known as A+ Storage, an established storage facility located in beautiful Cave Junction, Oregon (the "Property"). The Property is one of only two established self-storage facilities in Cave Junction, and is currently the only facility in the region available for purchase. A+ Storage is a well-known local icon, sited at the entrance to Cave Junction on a highly visible and prominent corner - arguably the best located storage facility in south Josephine County. The exceptional location enjoys strong traffic counts of approximately 8,831 VPD, large signage, and easy left/right access directly from the dedicated central turning lane on the main thoroughfare of Redwood Highway. Consisting of seven total buildings (six storage, one management office), and uncovered parking spaces on the excess land area, the Property enjoys the winning combination of ease of access and the right unit mix for today's tenant pool. As essentially a turn-key facility - but still with several value-add levers to pull - the Property has great security, the right software and management systems, but could benefit significantly from modernization and efficiency refinements. The facility includes 245 units total with various storage unit dimensions available. The unit mix is diverse and appealing: 223 enclosed, permanent storage units ranging from 5x10 to the largest 10x20 units. Additionally, the Property benefits from 22 rentable vehicle, RV, or boat parking spaces on the south end of the site with three dimensions available: 10x30, 12x25, and one 50x20 space. The opportunity is clear at 25657 Redwood Highway to step into an established mixed-use storage facility with strong physical and economic occupancy, providing excellent cash flow with upside potential, all located in a stunning rural setting and a low-competition area. Buyer is responsible for any and all due diligence. Contact the listing brokers today for additional information.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$91 USD /SF

CAP RATE

7.44%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

A+ Mini Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,794 SF

ZONING

C

APN/PARCEL ID

R329646,R329647

ASK ABOUT THIS PROPERTY

Scott KingMerit Commercial Real Estate LLCMore Info
541-890-6708

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Scott KingMerit Commercial Real Estate LLCMore Info
541-890-6708

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