self storage facility - loopnet...year built 2019 - recent expansion added 157 units for a total of...
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SELF STORAGE FACILITYFULLY OPERATIONAL
PRISCILLA MARTIN, BROKER541-480-2559 | [email protected]
LA PINE, OREGON
PRISCILLA MARTIN, BROKER541-480-2559 | [email protected]
OFFERING SUMMARY
Subject Property 52650 Highway 97La Pine, OR 97739
Location Located in La Pine, Oregon, with easy access from Highway 97
Year Built 2019 - recent expansion added 157 units for a total of 233 units
Total Proposed Buildings Sq. Ft. 33,140 Sq. Ft. of self storage buildings, kiosk room, manager’s office, and manager’s apartment
Total Lot Size 2.23 acres, fully fenced with asphalt around buildings
Price $3,388,321
Financial Projections Revenue:7% Vacancy: Operating Expense:NOI:
CAP Rate:
$343,956$24,076$99,638$220,241
6.5%
SELF STORAGE FACILITYFULLY OPERATIONAL
PRISCILLA MARTIN, BROKER541-480-2559 | [email protected]
EXECUTIVE SUMMARY
Facility Details This facility was expanded in 2019 to a total of 233 units, with a room for a kiosk where customers can rent a unit onsite. The facility is fenced off, and has a security gate and cameras with 24/7 monitoring. The buildings ore all metal construction and are surrounded by asphalt to make access to units clean & easy. There is a large, highly visible sign for use that will need to be replaced with new business name upon sale of the facility. There is a manger’s apartment with an attached office, and a kiosk where customers can have 24-hour access to rent a unit.
Operating Financials Operating financials will be provided during buyer’s due dilligence.
Why La Pine? Situated among towering pines and boasting year-round outdoor recreation opportunities, La Pine is the jewel of Central Oregon. If you're not paying atten-tion you can easily bypass the town of La Pine which is 30 miles south of the activity in Bend, and 60 miles north of Crater Lake, one of Oregon's most popu-lar destinations. But with quick access to Newberry Crater, the Deschutes River, the Deschutes National Forest and the Cascade Lakes, it is easy to make La Pine your basecamp.
La Pine Economic Development (SLED) is a partnership between City, County, the private business sector, and Economic Development for Central Oregon (EDCO) to encourage economic development in South Deschutes County. The mission of La Pine Economic Development Advisory Board is to provide support-ive resource capabilities to help businesses move, start and grow in the area. We work to create a healthy business environment, support a welcoming community atmosphere and encourage capital investment within the community to promote growth and sustainability.
La Pine is also a growing computer hub to Bend, and City for second home retirees where land is affordable, outdoor recreation is close at hand, and there is access to a new medical clinic.
SELF STORAGE FACILITYFULLY OPERATIONAL