2800 E 2nd St - Self-Storage Facilities FOR SALE


Newberg, OR 97132
$2,075,000 USD
503-227-2500
2800 E 2nd St, Newberg, OR for Sale
$2,075,000 USD
Self-Storage Facilities - FOR SALE
1/10
null | 7.17% Cap Rate

2800 E 2nd St
Newberg, OR 97132


HIGHLIGHTS

  • 9,070 SF of Flex Space
  • 7,300 SF of storage unit spaces (40 units)
  • Built in 1976
  • 52,272 SF of land
  • Property Taxes: $9,590.55

OVERVIEW

Rare opportunity to acquire a 40-unit self-storage facility with an additional 3 RV spaces and eight flex/industrial spaces. There are four buildings, asphalt drive aisles, and a parking area. The buildings are wood-framed with metal siding and metal roofs. The property is fully fenced, with an electronic gate at the north end. It benefits from exposure on NE Saint Paul Highway (HWY 219). Currently, the property is self-managed by the original developer. The eight flex/industrial spaces are fully leased, with short-term leases at under market rents. Clear height in the flex spaces is 12' except for a small part of the southern most building. The grade level doors for the flex spaces are 10' high x 10' wide except for one door that is 11' x 10' and another door that is 7' x 10'. The ownership uses a 3rd party for their advertising and marketing of the self-storage units.

FOR SALE DETAILS

PRICE

$2,075,000 USD

PRICE/SF

$129 USD /SF

CAP RATE

7.17%

% 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

1976

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

M2

APN/PARCEL ID

55353

ASK ABOUT THIS PROPERTY

Joe KapplerMacadam Forbes, Inc.More Info
503-227-2500

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Joe KapplerMacadam Forbes, Inc.More Info
503-227-2500

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