Cap Rate
7%
$ per SF
$120
Tot. SF
7,830
786 State Route 101, Chinook, WA, 98614
Sandbox Self Storage$940,000
Key Information
Lot Size
0.23 Acres
Units
33
Year Built
2002
Type
Self Storage
Occupancy
100%
NOI
$65,800
Highlights
- Attractive Cap Rate: 7.00% cap rate on in-place NOI offers strong current yield.
- Full Occupancy: 100% occupancy and ±7,830 NRSF demonstrate stabilized asset with strong in-place demand.
- Diversified Income: Includes 900 SF leased apartment and 1,050 SF leased retail space for multiple revenue streams.
- Below Market Rents: In-place rents materially below market, providing clear upside.
- Ancillary Income Upside: Potential to implement tenant insurance, admin fees, and other revenue streams.
- Strong Demographics: Supported by $132,000 median household income in the immediate area.
- Strategic Location: 1 hour from Longview and less than 2 hours from Portland, with direct access to Oregon via the Astoria–Megler Bridge.
Photos
Location
Agents
M
Mason GatesLicense # 20220840 (NE)
F
Felicia CackovichLicense # SA719668000 (AZ)
Broker of Record
Brian Brockman
License # 21256, 27380 (WA)Bang Realty, Inc. 2939 Vernon Place Cincinnati OH 45219