Bought with Othello Realty Group, LLC
$550,000
$575,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 11/06/2020
Key Details
Sold Price $550,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Lakeview
MLS Listing ID 1586483
Sold Date 11/06/20
Style 61 - Comm Bldg Ovr 10K
Year Built 1992
Annual Tax Amount $4,097
Property Description
Soap Lake mini storage consisting of 88 enclosed units and ample room for expanding outdoor RV and vehicle storage. Established business brings strong cash flow and low vacancy rates. Approximately 1 acre has been developed for storage. The remaining land can be used for additional outdoor storage or to build a home (owner operator or on-site manager model opportunity). All units have concrete floors and 64 units have power. Unit sizes 5x7, 8x12, 10x12, 12x30 and 12x40. Cap rate over 9%!
Location
State WA
County Grant
Area 291 - North Central Gr
Interior
Interior Features Concrete
Flooring Concrete
Fireplace No
Exterior
Exterior Feature Metal/Vinyl
Utilities Available Electricity Available
Roof Type Metal
Building
Water Shared Well
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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