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Vancouver Self Storage Portland MSA

16600 SE 18th St Vancouver, WA United States 98683-3595
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Building Area Gross

Property description

LOCATION - The property is located at 1660 SE 18th Street, Vancouver, WA in the highly desirable neighborhood of Fisher’s Landing East.

ACRES - +/- 1.14 acres (49,658 square feet)

TRAFFIC COUNT - +/- 28,951 (SE 164th Ave)

UTILITIES - Electric is provided by Clark Public Utilities / Internet and phone provided by Spectrum / Comcast / Water and Sewer services provided by the city of Vancouver, WA.

YEAR BUILT - The facility opened for business in February 2020.

CONSTRUCTION DETAIL - Electric is provided by Clark Public Utilities / Internet and phone provided by Spectrum / Comcast / Water and Sewer services provided by the city of Vancouver, WA.

ELEVATOR DETAIL - Two elevators made by Kone. 4500 lb capacity each. 28 people max load.

APARTMENT - N/A. No apartment at this location.

OFFICE - Office, totaling 1,135 square feet, consists of two restrooms, storage, office space, kitchen area, and a break room.

CLIMATE CONTROLLED - The facility is 100% climate controlled.

FEATURES AND AMENITIES - The facility has electronic access control, 24-hour video surveillance, climate controlled units, covered loading bay, gate access on Sundays, elevator access to upper floors and a retail oriented customer service office.

MANAGEMENT - The property is professionally managed by ExtraSpace.

SECURITY - The facility is equipped with a 24-hour video surveillance system.

OPERATION HOURS (OFFICE) - Monday through Friday - 9:30 am to 6:00 pm; Saturday – 9:00 am to 5:30 pm; Sunday - closed. 

OPERATION HOURS (ACCESS) - Monday through Sunday - 6:00 am to 10:00 pm

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OFFERING PRICE - Unpriced

RENTABLE SQUARE FEET - 99,076 (Not including surface parking)

EFFECTIVE RENTAL RATE - Climate Controlled - $14.35 psf 

NUMBER OF UNITS - 1,134

CURRENT OCCUPANCY - Economic – 37.6% Physical – 67.0%

OFFER DEADLINE - December 10th, 2021

Investment highlights

STRONG LEASE-UP HISTORY - The property has achieved 73.5% Occupancy in just over 18 months.


STRONG DEMOGRAPHICS WITH PROJECTED GROWTH - There are over 88,800 residents with an average household income of over $99,951 within a three-mile radius of the property. The population is projected to grow at an annual rate of 1.58% over the next five years.


THRIVING PORTLAND–VANCOUVER-HILLSBORO MSA - Vancouver is a nearby suburb of Portland situated just 15 minutes north of Downtown on the Washington State side of the Columbia River. With over $600M of venture capital raised in 2020, the Portland MSA is home to a rapidly growing list of tech employers, many of which are located in Vancouver. With a population of 2.5M residents, the MSA is ranked the #4 fastest growing U.S. tech market. Vancouver itself is currently the #17th fastest growing city in the U.S. according to Forbes.

Last Updated Date: 16 Nov 2021

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Last Updated Date: 16 Nov 2021

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