Active · Commercial Sale

5885 W Van Giesen Street , West Richland, WA 99353

West Richland, WA 99353

$875,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by HomeSmart Elite Brokers · MLS #2580312 · Active

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About this property

This Self Storage Facility presents an outstanding opportunity to acquire a well-established income-producing asset in the rapidly growing West Richland market. The 90-unit self-storage facility offers strong in-place cash flow with significant upside potential through continued occupancy growth, operational modernization, and strategic improvements. Currently operating at approximately 85% physical occupancy, the property features a highly functional unit mix designed to serve a broad range of residential and commercial storage users. A standout feature is that every unit is equipped with individual power access, an amenity frequently not found in many competing facilities. The facility offers easy customer access with wide drive aisles, strong street visibility, and a convenient location near expanding residential neighborhoods and major commuter corridors. The facility offers easy customer access with wide drive aisles, strong street visibility, and a convenient location near expanding neighborhoods and major commuter corridors. The list price reflects a cap rate of just over 7%, presenting investors with an attractive yield opportunity in an increasingly competitive self-storage sector. Additional value-add potential exists through security and technology enhancements, including online payment system and a website. The property also includes an easement area for the adjoining property's well head. Available upon request: financial information, rent roll.

Property details

Property type: Commercial Industrial
Year built: 1978
Lot size: 26,136 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $3,628 (2025)
Parking spaces: 0

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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