Kennewick, WA Self-Storage Opportunity
517 N Johnson St, Kennewick, WA 99336
AAA Affordable Mini Storage is a self‑storage facility constructed in 1994 consisting of 93 drive‑up units self-storage totaling approximately 11,150 net rentable square feet, supplemented by 29 open parking spaces. The Property is currently ~94% physically occupied, demonstrating strong in‑place fundamentals.
Current rent at the Property averages approximately $1.03 per square foot, which is 28% below the weighted market average of $1.32 per square foot. This offers immediate upside potential through rental increases on existing customers and increasing street rates.
The asset features paved drive aisles, efficient site circulation, keypad entry, and a simple operating profile, with minimal ongoing capital requirements.
AAA Affordable Mini Storage is centrally located within Kennewick, the largest and most established city in the Tri‑Cities region of southeastern Washington. The Property benefits from proximity to residential neighborhoods, retail corridors, and regional employment