4310 S Bean Rd - AAA Affordable Storage, Port Angeles 15,934 SF Specialty Building Offered at $2,600,000 at a 6.50% Cap Rate in Port Angeles, WA 98363

The Self Storage facility is 95% Occupied with almost 5 acre of undeveloped land for expansion. The facility enjoys 95% occupancy although current rates are below market rates. It also includes 2 Single Family Homes, an Apartment, along with the an RV pad, all are occupied. The facility has limited competition and although it does not have a web presence, it continues with high occupancy. Port Angeles is a lovely costal community with recreational and commercial water activities.
The Sizzle:
High Occupancy
Majority of Property undeveloped
Opportunity Zone
Seller Financing, with substantial Equity
Opportunity to add website
Immediate expansion of RV parking
By the Numbers, phase I:
7.354 +/- Acre Site*
Occupancy, (unit) 95%
Net Rentable Area 15,934sf
Open Parking 12 Spaces
Features:
Large Undeveloped Area
Three, rented SFR included
Beautiful Port Angeles location
Convenient, In-town, Easy Access
*The property offered consist of multiple parcels including 4200 and 4202 S Bean Road. We understand it lies within an Opportunity Zone and is currently Zoned UNC with a conditional use as Commercial Storage. Buyer to verify zoning appropriate of their intended use and the existance of an Opportunity Zone.