Central Mini Storage presents a turnkey opportunity in Coquille, Oregon, encompassing two contiguous parcels totaling 3.82 acres. The property blends 141 self-storage units with 10 residential units, including eight detached cottages and two single-family homes. This family-owned facility, operating since 1976, has maintained exceptional occupancy at 98.5%, supported by proactive tenant retention and consistent market demand. The list price of $2,500,000 is underpinned by strong fundamentals, including a current cap rate of 7.64% and a stabilized cap rate of 8.46%.
All storage leases are month-to-month, giving new ownership flexibility to adjust rates as the market allows. Additional upside exists through operational modernization, including automated collections and expanded electronic access controls. With no competing self-storage projects currently reported in the pipeline, new ownership gains an advantageous position to enhance income through market-aligned rental rates and property improvements.