$949,900
5885 Van Giesen Street
West Richland, WA 99353
Beds
—
Baths
—
Sq Ft
—
Lot
0.60 ac
Year built
1978
Type
Commercial Sale
Days listed
4
MLS #
2580312
About this home
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 atapproximately 85% physical occupancy, the property features a highly functional unit mix designed to serve a broad range of residentialand commercial storage users. A standout feature is that every unit is equipped with individual power access, an amenity frequentlynot found in many competing facilities. The facility offers easy customer access with wide drive aisles, strong street visibility, and aconvenient location near expanding residential neighborhoods and major commuter corridors.The facilityoffers easy customer access with wide drive aisles, strong street visibility, and a convenient location near expanding neighborhoods and major commuter corridors. Thelist price reflects a cap rate of just over 7%, presenting investors with anattractive yield opportunity in an increasingly competitive self-storage sector. Additional value-add potential exists through security andtechnology enhancements, including online payment system and a website. The property also includes an easement area for theadjoining property's well head. Contact Listing Broker for financial information, rent roll, and showing instructions
Exterior features
Property details
- Flooring
- Concrete
- Water source
- See Remarks
- Sewer
- Available
Costs
- Annual taxes
- $3,628 (2025)
Estimate your monthly payment
$5,106/mo
- Principal & interest
- $4,803
- Property taxes
- $302
Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.
Location
West Richland, WA 99353
Approximate location. Contact us to confirm the exact address.
Listing courtesy of HomeSmart Elite Brokers— Dave Shinabarger.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.
Interested in this home?
Request a private tour or ask a question — a local agent will respond personally.