498 W Central Blvd - Self-Storage Facilities FOR SALE


Coquille, OR 97423
$2,500,000 USD
541-912-6583
498 W Central Blvd, Coquille, OR for Sale
$2,500,000 USD
Self-Storage Facilities - FOR SALE
1/39
null | 7.64% Cap Rate

498 W Central Blvd
Coquille, OR 97423


HIGHLIGHTS

  • Turnkey investment blending self-storage and residential for diversified income.
  • 141 self-storage units plus 10 residential units on 3.82 acres
  • 98.5% occupied with historically low vacancy
  • Family owned and operated since 1976
  • Located in the heart of Coquille with easy access to surrounding community amenities

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$1,965 USD /SF

CAP RATE

7.64%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.82 AC

LAND SF

166,399 SF

ZONING

UR-2, C-2

APN/PARCEL ID

1000735101,1000735192

ASK ABOUT THIS PROPERTY

Rene' Nelson, CCIMPacwest Commercial Real Estate, Inc.More Info
541-912-6583

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Rene' Nelson, CCIMPacwest Commercial Real Estate, Inc.More Info
541-912-6583

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