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8413 Myers Rd E - Stor-N-Lok Self-Storage

26,783 SF Specialty Building Offered at $5,972,400 CAD at a 6.48% Cap Rate in Bonney Lake, WA 98391

Executive Summary

Stabilized Income Producing Property with Historic High Occupancy
Drive-up Ground Level Access to All Storage Units
Additional Income from Mailbox, RV/Boat Parking, and Office Space Rentals
Low Maintenance Steel Roof and Siding
Excellent Visibility and Signage along State Route Highway 410
Good Access to Major Arterials including State Route 167, 162 and 410
Comprehensive Security Monitoring System
On-site Leasing Office and Resident Manager Apartment
Bonney Lake Restricts Development of New Self Storage Projects Capping New Supply but Allows Redevelopment of Existing Projects
Excellent Demographics & Growing Surrounding Population: Average Household Income Within One, Three, and Five Miles is Above the National Average

Property Facts

Price $5,972,400 CAD
Price Per SF $223 CAD
Sale Type Investment or Owner User
Cap Rate 6.48%
Property Type Specialty
Property Subtype Self-Storage
Building Class C
Lot Size 2.16 AC
Building Size 26,783 SF
No. Stories 1
Year Built 1979
Parking Ratio 1.49/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 052032-1041
  • 052032-1040
Land Assessment
$1,905,904 CAD
Improvements Assessment
$212,032 CAD
Total Assessment
$2,117,936 CAD

zoning

Zoning Code BLK, Bonney Lake
BLK, Bonney Lake
  • Listing ID: 27829354

  • Date on Market: 2023-02-24

  • Last Updated:

  • Address: 8413 Myers Rd E, Bonney Lake, WA 98391

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