2-Property, Value-Add Self-Storage Opportunity – Vancouver, WA

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Price
Market Bid
NRSF
85,759
Vancouver, WA
Value-Add Portfolio
Value Add Assets: Physical occupancy of 72% and economic occupancy of 66% provide significant opportunity for value enhancement.
100% Drive-Up Access: A highly desirable feature, now prohibited by recent City of Vancouver zoning.
Strategic Location: Vancouver Mall location benefits from its position in Vancouver’s primary retail hub, with easy highway access. Brush Prairie facility is located in a quickly developing residential area in NE Vancouver.
Quality Construction & Premium Aesthetic: Both facilities built in 2019 – All steel interior/exterior finishings and offering attractive curb appeal.
Rapid Expansion in Clark County: Recognized as one of the fastest growing counties in Washington State and fastest growing county in the Portland MSA.
Vancouver Zoning Restrictions: Restricts drive-up units, street-facing doors, outdoor storage and mandates multi-story facilities and 500-foot corridor setbacks.
Portfolio or Individual Offers: Owner willing to sell as a combined portfolio or separate individual properties.

The Cushman & Wakefield Self-Storage Advisory Group has been exclusively engaged to market this two-property self-storage opportunity in Vancouver, WA.

Exceptional opportunity to acquire The Storage Works Portfolio, two established facilities totaling 507 units spread over 85,759 rentable square feet located in Vancouver, WA. The facilities are both single-story configuration with 100% of the unit mix offering drive-up access. The combined portfolio is 72% physically occupied and 66% economically offering significant upside.

The Brush Prairie facility is located in a rapidly expanding area of NE Vancouver. Street frontage along NE 117th Ave provides exposure to over 31k+ cars daily. The Vancouver Mall facility benefits from adjacencies to both I-205 and the Vancouver Mall. I-205 sees over 78k+ cars daily and Vancouver Mall attracts and estimated 5.5 million visitors annually. Together, the two locations, offer operational efficiencies and provide an excellent footprint in the Vancouver market.

Vancouver, located in Clark County, WA is located across the Columbia River from Portland. Vancouver and Clark County is growing significantly faster than the overall Portland MSA due to its favorable tax structure, pro-business environment and high-quality of life.

The Storage Works Self Storage portfolio provides an exceptional opportunity to acquire two high-quality, privately owned and operated, single-level stores in
a rapidly growing suburban MSA. There is significant upside in installing institutional level management, improving occupancy and strengthening returns through future rent growth.

Vancouver, WA Portfolio

  • Sign CA to View Offering Memorandum

  • Confidentiality and Buyer Registration Agreement

    Cushman & Wakefield U.S., Inc. ("Broker") has been retained as the exclusive advisor and broker regarding the sale of the property known as the Vancouver, WA Self-Storage Portfolio opportunity.

    To receive an Offering Memorandum ("Offering Memorandum") please read, sign and return this completed Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broker, the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the Buyer. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the property or the Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum are solely the responsibility of the prospective Buyer. Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective Buyers.

    By accepting the Offering Memorandum, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney's fees, collectively "Claims") arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

    By accepting the Offering Memorandum, you acknowledge that you are a principal and not an agent of or acting on behalf of any other party in connection with the acquisition. Buyer acknowledges that it is aware that any Agent/Broker other than Cushman & Wakefield, must be compensated by Buyer as Cushman & Wakefield is not cooperating on fees. Furthermore, Buyer acknowledges that it has not had any discussion regarding this Property's Sale with any other broker or agent other than Broker or an agent/broker properly identified through this registration process, including but not limited to, resolutions of incomplete, conflicting or duplicate registrations. Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney's fees and court costs which may be incurred with respect to any claims for other real estate commissions, broker's fees or finder's fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

    The Seller and Broker each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller and its legal counsel, and any conditions to the Seller's obligation thereunder have been satisfied or waived.

    The Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

    No employee of seller or at the subject property is to be contacted without the written approval of the listing agents and doing so would be a violation of this confidentiality agreement.



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