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786 Hwy 101 - Sandbox Self Storage 8,622 SF Specialty Building Offered at $940,000 at a 6.93% Cap Rate in Chinook, WA 98614
Investment Highlights
- 7.00% cap rate on in-place NOI provides immediate yield for investors.
- Diversified income streams with leased apartment and retail space included.
- Potential to add ancillary income via tenant insurance and admin fees.
- 100% occupancy and ±7,830 NRSF demonstrate stabilized, high-demand asset.
- In-place rents are materially below market, offering clear upside potential.
- Prime location near Astoria–Megler Bridge, 2 hours from Portland, OR
Executive Summary
Brian Brockman
Bang Realty, Inc.
License # 21256, 27380 (WA)
2939 Vernon Place Cincinnati OH 45219
(866) 889-0550
Bang Realty, Inc.
License # 21256, 27380 (WA)
2939 Vernon Place Cincinnati OH 45219
(866) 889-0550
Property Facts
| Price | $940,000 | Property Subtype | Self-Storage |
| Price Per SF | $109.02 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 8,622 SF |
| Cap Rate | 6.93% | No. Stories | 2 |
| Property Type | Specialty | Year Built | 2002 |
| Zoning | Com LT - Commercial, Light | ||
| Price | $940,000 |
| Price Per SF | $109.02 |
| Sale Type | Investment |
| Cap Rate | 6.93% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Lot Size | 0.46 AC |
| Building Size | 8,622 SF |
| No. Stories | 2 |
| Year Built | 2002 |
| Zoning | Com LT - Commercial, Light |
Amenities
- Signage
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $653,500 | |
| Land Assessment | $204,600 | Total Assessment | $858,100 |
Property Taxes
Parcel Numbers
Land Assessment
$204,600
Improvements Assessment
$653,500
Total Assessment
$858,100
Contacts
-
Mason Gates -
Felicia Cackovich -
Ben Tracy -
Matthews Real Estate Investment Services
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