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615 N Fruitland St - Phoenix Mini Storage 21,418 SF Specialty Building Offered at $1,750,000 at a 9.71% Cap Rate in Kennewick, WA 99336
EXECUTIVE SUMMARY
Phoenix Mini Storage is a long standing self storage property in Kennewick. This property has a strong rental history and features low to no maintenance buildings. The offering includes an on site office and the operation is made up of 3 buildings ranging from 6600 - 7200 sf.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$147,884
|
$6.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$147,884
|
$6.90
|
| Taxes |
$5,251
|
$0.25
|
| Operating Expenses |
$17,724
|
$0.83
|
| Total Expenses |
$22,975
|
$1.07
|
| Net Operating Income |
$124,909
|
$5.83
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $147,884 |
| Annual Per SF | $6.90 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $147,884 |
| Annual Per SF | $6.90 |
| Taxes | |
|---|---|
| Annual | $5,251 |
| Annual Per SF | $0.25 |
| Operating Expenses | |
|---|---|
| Annual | $17,724 |
| Annual Per SF | $0.83 |
| Total Expenses | |
|---|---|
| Annual | $22,975 |
| Annual Per SF | $1.07 |
| Net Operating Income | |
|---|---|
| Annual | $124,909 |
| Annual Per SF | $5.83 |
PROPERTY FACTS
| Price | $1,750,000 | Building Class | C |
| Price Per SF | $81.71 | Lot Size | 1.07 AC |
| Sale Type | Investment | Building Size | 21,418 SF |
| Cap Rate | 9.71% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1976 |
| Property Subtype | Self-Storage | Opportunity Zone |
Yes
|
| Zoning | Commercial Auto Row - CAR - The purpose of the CAR district is to provide areas for automobile dealerships and most automobile related uses | ||
| Price | $1,750,000 |
| Price Per SF | $81.71 |
| Sale Type | Investment |
| Cap Rate | 9.71% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.07 AC |
| Building Size | 21,418 SF |
| No. Stories | 1 |
| Year Built | 1976 |
| Opportunity Zone |
Yes |
| Zoning | Commercial Auto Row - CAR - The purpose of the CAR district is to provide areas for automobile dealerships and most automobile related uses |
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $587,370 (2024) | |
| Land Assessment | $176,490 (2024) | Annual Taxes | $5,251 ($0.25/SF) |
| Improvements Assessment | $410,880 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$176,490 (2024)
Improvements Assessment
$410,880 (2024)
Total Assessment
$587,370 (2024)
Annual Taxes
$5,251 ($0.25/SF)
Tax Year
2023
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615 N Fruitland St - Phoenix Mini Storage
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