Foundation Group is pleased to present Township Storage, a stabilized self-storage facility with a significant rental upside potential comprising 180 units in the steadily growing
community of Sedro-Woolley, Washington. Strategically located in Skagit County—a region experiencing sustained residential and economic growth—the property enjoys extremely low vacancy, offers attractive seller financing, and presents a clear path to enhanced performance through rent increases. With recent capital improvements and modern construction blended with classic structures, Township Storage represents a compelling opportunity for investors seeking reliable income and long-term upside in a high-demand submarket.
BLENDED CONSTRUCTION WITH MODERN UPGRADES
Township Storage consists of seven buildings constructed in 1930, 2000, 2003, and 2016, creating a balanced mix of updated vintage and newer assets. The 2016-built structures (Buildings F & G) are equipped with durable metal roofs, while most other buildings—including Buildings C, D, and E—have had their roofs replaced in the last 1–3 years. Building A features a unique one-bedroom apartment, office and bonus shop space, while Building B includes a new pitched roof section completed just two years ago. This range of updates provides a solid foundation for low-maintenance operations and reduced capital expenditures going forward.
CLEAR UPSIDE THROUGH RENT OPTIMIZATION
With below-market rents across the facility, the property offers an immediate upside to grow income through opportunistic rent increases. Current rents average just $1.09 per square foot, while market rates support $1.32 per square foot, which gives new ownership the ability to capitalize on north of 20% upside in the rents . With a solid tenant base already in place and virtually no vacancy, the investor can achieve upside through revenue management rather than major capital reinvestment.
SELLER - FINANCING & STABILIZED PERFORMANCE
The offering includes seller financing at 5% interest-only for 5 years with 30–40% down, enabling buyers to optimize cash flow and leverage returns. With minimal deferred maintenance, a strong unit mix, and consistent tenant demand, the asset operates efficiently and reliably