Colliers Self-Storage is pleased to offer an investment opportunity in North Star Storage and A&A Self-Storage, located at 30979 Joy Lane and 2350 Kelli Blvd., in Hermiston, Oregon. This self-storage portfolio provides investors with a rare opportunity to acquire a well-positioned, income-generating asset in a market with limited competition. With 586 units and 98,220 rentable square feet, the portfolio is expected to generate a current project NOI of $518,402. This steady income stream, combined with substantial upside potential by achieving market rents, offers both immediate returns and long-term value creation.
Strategically located just 30 minutes south of Tri-Cities, WA and in a market with limited competition within a 5-mile radius, North Star Storage and A&A Self Storage stand out in a supply-constrained area, providing a unique advantage in attracting tenants. The portfolio’s strong historical performance, paired with continued demand for self-storage space in the region, ensures a promising outlook for future leasing and rental rate growth. Additionally, the portfolio’s 84% overall occupancy reflects the portfolio’s stability and its potential for consistent cash flow and
appreciation.