The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the sale of this Self-Storage opportunity in Lake Stevens, WA.

Frontier Village Mini Storage is a meticulously well maintained 2-property portfolio on 2.4 acres located in Lake Stevens, WA. Between both properties, the 39,330 NRSF (467 storage units) facility offers both drive-up exterior units and interior climate-controlled units. The property also features individually alarmed units, 50 mailboxes and two Dover elevators for tenants to access second floor units.

The Property is 92% physically occupied and 82% economically occupied offering significant upside potential. In-place rents are 10%-30% below market depending on the unit size. Current supply in the 5-mile trade area is 5.25 SF per capita. Unoccupied RV parking units provide room for expansion of additional drive-up or modular units. Operational upside available in streamlining online reservations and revenue management strategies.

Frontier Village Mini Storage’s main facility is located on Vernon Rd. adjacent to both high-traffic retail centers to the east, as well as single-family residential neighborhoods immediately west. The smaller annex is located only 0.4 miles south, surrounded by high-traffic retailers along a busy 91st Ave. Both locations are in the heart of the Frontier Village retail center of Lake Stevens, a fast-growing suburban market within the Seattle MSA.