931 N 1st St - Self-Storage Facilities FOR SALE


Silverton, OR 97381
$4,350,000 USD
503-636-1234
931 N 1st St, Silverton, OR for Sale
$4,350,000 USD
Self-Storage Facilities - FOR SALE
1/11
null | Request Cap Rate

931 N 1st St
Silverton, OR 97381


HIGHLIGHTS

  • High Traffic, main arterial street
  • Limited competitors
  • High Occupancy

OVERVIEW

I-5 Corridor Self Storage Facility, Family Operated, 222 units, currently 100% Occupied. Rates are below market. The facility has a long history of being fully occupied and continues to enjoy low turnover even with annual existing customer rate increases (ECRI). Even with a recent increase in the Street Rates some sizes are as much as $37 below the competition. Located on Silverton’s “main street” with McDonalds and Let Schwab on either side, this prime location is the most convenient Storage in the town. The Facility enjoys high occupancy with Limited competition. Expenses, while reasonable, would improve if the facility was operated remotely or as a Satellite Location. Silverton is a picturesque and vibrant city located in Marion County, Oregon. Nestled in the Willamette Valley, Silverton is known for its natural beauty, friendly community, and rich history. It is situated approximately 13 miles northeast of Salem, the state capital, and 45 miles south of Portland, Oregon's largest city. Tourism continues to be an economic driver for the community. Visitors come to explore the Silver Falls State Park, The Oregon Garden, and The Gordon House (designed by Frank Lloyd Wright) Demographics: The population of Silverton is diverse, with residents of various ethnicities and backgrounds. The average age is 39 and growing modestly each year. The city is home to approximately 10,500 residents, with projections indicating a 20% population growth over the next two decades. The median property value in Silverton was $527k in 2025, with a homeownership rate of 62.6%. The city attracts both young families and retirees due to its quality of life and recreational opportunities. Median Household income it just under $40k. Median home value is $527k. The facility is currently operated with rates below market and with a full time manager on-site. The size of the facility, and market demand may allow for the facility to be remotely managed, thereby improving overall expenses and allowing the on-site Apartment to be rented for additional revenue.

FOR SALE DETAILS

PRICE

$4,350,000 USD

PRICE/SF

$146 USD /SF

CAP RATE

Request Cap Rate

% 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

1989

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,230 SF

ZONING

IP

APN/PARCEL ID

517187

ASK ABOUT THIS PROPERTY

Dwaine RheaKelly Right Real EstateMore Info
503-636-1234

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Dwaine RheaKelly Right Real EstateMore Info
503-636-1234

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