Class-A Self-Storage Investment with Expansion Potential – Vancouver, WA
11503 NE 74th Ave, Vancouver, WA 98662

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Price
Market Bid
NRSF
59,170
Vancouver, WA
Class-A
Class A Construction – opened August 2023
Permitted Expansion: 22,325 SF phase II totaling 199 units
Rapid Lease-up – Currently 65% occupied by SF
Excellent Visibility – 450’ of Frontage on NE 72nd Ave. with over 19,000 vehicles per day
High Growth Clark County Location – Fastest Growing County in Washington
51% population growth since 2000 (Clark County)
Attractive Acquisition Basis Relative to Stabilized Value

The Cushman & Wakefield Self-Storage Advisory Group has been selected to exclusively market the sale of this self-storage opportunity in Vancouver.

72nd Ave Self Storage is a newly completed, Class A facility, comprised of 326 units totaling 59,170 rentable square feet, plus 42 uncovered parking spaces. The Property includes a fully graded development pad with the site plan approved for the construction of 199 additional units totaling 22,325 SF. Fully built out, 72nd Ave S.S. will total 525 units in 81,495 rentable square feet plus 44 uncovered parking spaces.

Property features include a highly desirable single-story configuration with a mix of heated and unheated units, large enclosed RV parking spaces, and rare, heated drive-up access units. Additional features include wide drive aisles, comfortable ingress/egress, and a management office. The signalized intersection at NE 72nd Ave. and NE St. John’s Road provides convenient property access.

Clark County is the fastest-growing county in the Portland MSA and the second-fastest in the State of Washington. Within a 3-mile radius of the property, 1,893 multi-family units have been built since 2019 and 586 units are under construction or in planning. There are 26 residential subdivisions currently under construction in the trade area.

The Property’s premium quality and expansion potential, combined with its excellent location and rapid lease-up make this an ideal value-add investment opportunity

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