701 Township St - Self-Storage Facilities FOR SALE


Sedro Woolley, WA 98284
$2,700,000 USD
206-774-5436
701 Township St, Sedro Woolley, WA for Sale
$2,700,000 USD
Self-Storage Facilities - FOR SALE
1/8
null | 5.64% Cap Rate

701 Township St
Sedro Woolley, WA 98284


HIGHLIGHTS

  • Seven-building mix with vintage (1930) and modern (2016) construction.
  • Seller financing available with 30–40% down, 5% interest-only.
  • Recent capital improvements reduce future maintenance costs.
  • Multiple new roofs installed within the past 1–3 years.
  • Buildings F & G feature durable 2016 metal roofs.
  • New pitched roof on Building B completed in 2022.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$148 USD /SF

CAP RATE

5.64%

% 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

1939

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

-

APN/PARCEL ID

P39503

ASK ABOUT THIS PROPERTY

Aaron LockeThe Foundation GroupMore Info
206-774-5436

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Aaron LockeThe Foundation GroupMore Info
206-774-5436

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