Bought with NWMLS-NonOffice
$14,650,000
$14,650,000
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10.37 Acres Lot
SOLD DATE : 04/15/2025
Key Details
Sold Price $14,650,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Buckley
MLS Listing ID 2363294
Sold Date 04/15/25
Style 71 - Light Indrl.
Lot Size 10.369 Acres
Property Sub-Type Commercial Industrial
Property Description
Sale of Western Self Storage in Buckley. Building constructed between 1979-1999 in phases. Total acreage is 10.3687 acres plus 564 storage units totaling 115,688 feet. Sale includes manager residence and seller permitting and development of adjacent parcel for open RV storage. Value-add opportunities: 1) Below market rents for long-term tenants. 2) Added income from development of permitted surplus acreage. 3) Rental value of offsite home. Value-added cap rate potential 6.41%.
Location
State WA
County Pierce
Area 111 - Buckley/South Prairie
Interior
Fireplace false
Building
Sewer Available
Water Public
Others
Senior Community No
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