All homes

$949,900

5885 Van Giesen Street

West Richland, WA 99353

Active

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

Brick

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
Loan amount $759,920

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.

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