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 | 7.79% Cap Rate

498 W Central Blvd
Coquille, OR 97423


HIGHLIGHTS

  • Turnkey investment blending self-storage and residential for diversified income.
  • Two parcels zoned UR-2 and C-2 offering future redevelopment options.
  • Immediate upside from implemented rent increases and operational modernization.
  • Strong current performance with 97.2% occupancy and historically low vacancy.
  • 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 97.2%, supported by proactive tenant retention and consistent market demand. The list price of $2,500,000 is underpinned by strong fundamentals, including a Year 1 cap rate of 7.79% and stabilized cap rate of 8.61%. Revenue generation benefits from recent rent adjustments of 13–15%, ensuring growth beyond in-place rates. Future upside exists through operational modernization, transitioning from legacy systems to cloud-based management, automated collections, and expanded electronic access controls. Zoning flexibility—UR-2 and C-2—supports both residential infill and commercial repositioning, complemented by open land that could accommodate container storage. With no competing self-storage projects currently reported in the pipeline, new ownership gains an advantageous position to enhance income via market-aligned rental rates and property improvements.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$1,965 USD /SF

CAP RATE

7.79%

% 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

3.53 AC

LAND SF

153,711 SF

ZONING

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.