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Hermiston Self Storage Portfolio 2 Specialty Properties Offered at $9,750,000 in Hermiston, OR
Investment Highlights
- 586 units
- 8.0 AC Land area
- 98,220 SF NRA
Executive Summary
Colliers Self-Storage is pleased to offer an investment opportunity in North Star Storage and A&A Self-Storage, located at 30979 Joy Lane and 2350 Kelli Blvd., in Hermiston, Oregon. This self-storage portfolio provides investors with a rare opportunity to acquire a well-positioned, income-generating asset in a market with limited competition. With 586 units and 98,220 rentable square feet, the portfolio is expected to generate a current project NOI of $518,402. This steady income stream, combined with substantial upside potential by achieving market rents, offers both immediate returns and long-term value creation.
Strategically located just 30 minutes south of Tri-Cities, WA and in a market with limited competition within a 5-mile radius, North Star Storage and A&A Self Storage stand out in a supply-constrained area, providing a unique advantage in attracting tenants. The portfolio’s strong historical performance, paired with continued demand for self-storage space in the region, ensures a promising outlook for future leasing and rental rate growth. Additionally, the portfolio’s 84% overall occupancy reflects the portfolio’s stability and its potential for consistent cash flow and
appreciation.
Strategically located just 30 minutes south of Tri-Cities, WA and in a market with limited competition within a 5-mile radius, North Star Storage and A&A Self Storage stand out in a supply-constrained area, providing a unique advantage in attracting tenants. The portfolio’s strong historical performance, paired with continued demand for self-storage space in the region, ensures a promising outlook for future leasing and rental rate growth. Additionally, the portfolio’s 84% overall occupancy reflects the portfolio’s stability and its potential for consistent cash flow and
appreciation.
Property Facts
| Price | $9,750,000 | Status | Active |
| Price / SF | $29.51 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 2 |
| Cap Rate | 5.50% | Total Building Size | 330,436 SF |
| Sale Type | Investment | Total Land Area | 7.86 AC |
| Price | $9,750,000 |
| Price / SF | $29.51 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 5.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 330,436 SF |
| Total Land Area | 7.86 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 30979 Joy Ln, Hermiston, OR 97838 | Specialty | 300,000 SF | 2018 | $7,200,000 |
|
A&A Self Storage Property
2350 Kelli Blvd, Hermiston, OR 97838 |
Specialty | 30,436 SF | 1992 | $2,500,000 |
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Hermiston Self Storage Portfolio
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