Store‑A‑Wile Storage is a 2005‑vintage self‑storage facility consisting of 102 drive‑up, non‑climate storage units totaling 18,576 net rentable square feet and 71 surface parking spaces (172 total) situated on approximately 3.5 acres. The asset features an efficient, all drive‑up unit mix, and an onsite office.
The storage units are currently ~89% physically occupied with below‑market rents. In‑place rents average approximately $0.93 per square foot, representing a 30% discount to the estimated weighted market rent of approximately $1.34 per square foot. The Property offers immediate value‑add potential through the implementation of rent increase and professional revenue management.
The Property stands to further benefit from capital improvements that allow more efficient operations, enhance visual appeal and increase rentable square footage.
Store‑A‑Wile Storage is located along the I‑5 corridor in Woodland, Washington, approximately 20 miles north of Vancouver, WA, providing access to the greater Portland–Vancouver MSA. The Woodland submarket benefits from favorable supply‑and‑demand fundamentals and limited new competitive development.