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6908 N Roberts Ave - Key Storage 1.3 Acres of Industrial Land Offered at $1,400,000 in Portland, OR 97203
INVESTMENT HIGHLIGHTS
- • 9.49% Current Cap Rate (self managed)
- • Low vacancy with significant opportunity for increased revenue
- • 8.4% Pro Forma Cap Rate (3rd party managed)
- • Included 2 bed/1 bath 949 SF house leased at $1,700/month
EXECUTIVE SUMMARY
• 9.49% Cap Rate
• Low vacancy with significant opportunity for increased revenue
• All storage leases are month-month. New leases have filled at
market rate with ease
• Included 2 bed/1 bath 949 SF house
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
PROPERTY FACTS
| Price | $1,400,000 | Property Subtype | Industrial |
| Sale Type | Investment | Proposed Use | Self Storage |
| No. Lots | 1 | Total Lot Size | 1.30 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | IG2 | ||
| Price | $1,400,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | Self Storage |
| Total Lot Size | 1.30 AC |
| No. Stories | 1 |
| Zoning | IG2 |
1 LOT AVAILABLE
Lot
| Price | $1,400,000 | Lot Size | 1.30 AC |
| Price Per AC | $1,076,923.08 |
| Price | $1,400,000 |
| Price Per AC | $1,076,923.08 |
| Lot Size | 1.30 AC |
DESCRIPTION
Located in St John’s this property is well situated as an open storage facility. The 1.3-acre parcel is securely tucked away between The Port of Portland and Union Pacific Railroad. Key Storage is an established, cash-flowing business currently self-managed at a cap rate of 9.5%. There is significant opportunity to increase rents as many of the spaces are currently renting below market rates. All leases are month-month, and as spaces have become available, they have easily leased up at market rates. A new owner could bring in third-party management to earn passive income at an 8.4% cap rate or continue to self-manage and increase returns above 10%. This property includes a 2br 1ba 949 SF single family house that could be used as a manager’s residence or separate rental property.
Presented by
6908 N Roberts Ave - Key Storage
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