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    325504 Highway

    Newport, WA 99156

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    $1,590,000

    PRICE

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    18,763 SF

    SIZE

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    Self Storage

    PROPERTY TYPE

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    R-5

    ZONE

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    6.63%

    CAPITALIZATION RATE %

Diamond Lake Self Storage

325504 Highway, Newport, WA 99156

$1,590,000

This 98% Occupied (with a waiting list on Certain Units) 96-unit, 18,763 RSF Self-Storage is ready for new ownership. Diamond Lake Self-Storage is a great opportunity to take over a "Under-rented" facility located along Highway 2 in Newport, Washington in the heart of recreation and numerous lakes. Comprised of (6) Storage Buildings, a rental home/apartment (3 bed/2 bath + 1 bed 1 Bath), a storage office, plus +/- 30,870 of land for expansion. The average Rental Rate is $0.48/SF. Room to increase rents in a high occupancy rental market. No internet presence, No Credit Cards, Significantly below market rents, Owner Financing Available.

Contact Agent Offering Memorandum
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Property Highlights
  • Steel/Wood Framed Buildings
  • Asphalt/Gravel Drive Aisles
  • Chain Manual Gate (Entry/Exit)
  • Room to Expand (+/- 30,000 SF)
  • On-Site Management In Place
  • Perimeter Fencing
  • Main Highway Frontage/Signage
  • Rental Office
  • Drive-up Units
  • Owner Financing Available

Contact us
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