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1737 Isaacs Ave - Isaacs Mini Storage 9,476 SF Specialty Building Offered at $750,000 at a 6.10% Cap Rate in Walla Walla, WA 99362
Investment Highlights
- Below Replacement Cost
- Seller Financing Available
- Occupancy Upside Potential
- Provides strong upside through professional management
Executive Summary
Isaacs Mini Storage offers a prime value-add
investment opportunity in the heart of Walla Walla,
Washington, priced below replacement cost at $80/SF.
The facility features 9,344 rentable square feet across
57 units in three well-maintained masonry block
buildings, ideally located along Isaacs Avenue, the city’s
main arterial just minutes from Whitman College and
Highway 12. With 67% occupancy and a diverse unit mix
(5x6 to 10x20), the property provides strong upside
through professional management, digital marketing,
and the addition of ancillary income streams such as
tenant insurance, truck rental, and retail sales. Built in
1986, Isaacs Mini Storage is in solid physical condition,
requiring only minor cosmetic upgrades, and presents
an attractive opportunity to drive NOI growth and long-
term value in a high-demand market.
investment opportunity in the heart of Walla Walla,
Washington, priced below replacement cost at $80/SF.
The facility features 9,344 rentable square feet across
57 units in three well-maintained masonry block
buildings, ideally located along Isaacs Avenue, the city’s
main arterial just minutes from Whitman College and
Highway 12. With 67% occupancy and a diverse unit mix
(5x6 to 10x20), the property provides strong upside
through professional management, digital marketing,
and the addition of ancillary income streams such as
tenant insurance, truck rental, and retail sales. Built in
1986, Isaacs Mini Storage is in solid physical condition,
requiring only minor cosmetic upgrades, and presents
an attractive opportunity to drive NOI growth and long-
term value in a high-demand market.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$86,520
|
$9.13
|
| Other Income |
$685
|
$0.07
|
| Vacancy Loss |
$19,900
|
$2.10
|
| Effective Gross Income |
$67,305
|
$7.10
|
| Taxes |
$4,263
|
$0.45
|
| Operating Expenses |
$14,938
|
$1.58
|
| Total Expenses |
$19,201
|
$2.03
|
| Net Operating Income |
$48,104
|
$5.08
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $86,520 |
| Annual Per SF | $9.13 |
| Other Income | |
|---|---|
| Annual | $685 |
| Annual Per SF | $0.07 |
| Vacancy Loss | |
|---|---|
| Annual | $19,900 |
| Annual Per SF | $2.10 |
| Effective Gross Income | |
|---|---|
| Annual | $67,305 |
| Annual Per SF | $7.10 |
| Taxes | |
|---|---|
| Annual | $4,263 |
| Annual Per SF | $0.45 |
| Operating Expenses | |
|---|---|
| Annual | $14,938 |
| Annual Per SF | $1.58 |
| Total Expenses | |
|---|---|
| Annual | $19,201 |
| Annual Per SF | $2.03 |
| Net Operating Income | |
|---|---|
| Annual | $48,104 |
| Annual Per SF | $5.08 |
Property Facts Under Contract
Amenities
- Signage
- Air Conditioning
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 360721751115 | Total Assessment | $422,100 |
| Land Assessment | $200,000 | Annual Taxes | $4,263 ($0.45/SF) |
| Improvements Assessment | $222,100 | Tax Year | 2025 |
Property Taxes
Parcel Number
360721751115
Land Assessment
$200,000
Improvements Assessment
$222,100
Total Assessment
$422,100
Annual Taxes
$4,263 ($0.45/SF)
Tax Year
2025
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1737 Isaacs Ave - Isaacs Mini Storage
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