Armor Storage Port Angeles, WA Self-Storage Opportunity
260 N Lees Creek Rd Port Angeles, WA 98362
This offering represents an opportunity to acquire a truly best-in-class self-storage property located in the high growth Puget Sound region of Western Washington. Built in 2019 to Class A institutional standards, and expanded in 2024, this 37,660 NRSF facility spans 385 units across a modern layout featuring both interior climate-controlled units, larger drive-up units, as well as surface parking.
Armor Storage has prominent visibility at the signalized intersection of Highway 101 and N Brook Avenue adjacent to a Safeway anchored shopping center. Traffic counts exceed 27,000 vehicles per day. Property features include a diversified unit mix, enhanced security, premium aesthetics, large management office, rooftop solar and excess land for potential expansion. The property currently generates in-place rents of $2.45/ft and is 83% occupied. Additional upside is available through occupancy gains and rent increases.
Port Angeles is located on the northern coast of the Olympic Peninsula, with a growing local economy driven by year-round tourism, a deep-water port serving local manufacturing, logistics, and forest products as well as migration from the greater Seattle area. The area has been ranked as one of the Top 10 Best Small Towns in the West, 10 Best Places to Retire and Top 10 Most Beautiful Coastal Towns.
Armor Storage is the areas premium self-storage asset with strong in-place cash flow and meaningful upside achievable through operational enhancement, occupancy gains and rental increases. The prominent location, high visibility and superior quality further enhance long-term tenant demand for the asset.