Overview
Everson Self Storage offers a rare opportunity to acquire a stabilized, income-producing self storage facility with strong upside potential in Everson, Washington. The property totals 32,281 rentable square feet across 238 units in nine buildings on 3.19 acres, maintaining a solid 95% physical occupancy and $168,449 in adjusted NOI based on Trailing 12 Month income and operations.
Built in 1992 with expansions in 1996, 2002, and 2018, the facility is well-maintained and positioned along Everson’s main corridor roadway, providing excellent visibility and accessibility.
With a significant portion of units priced nearly 20% below market storage rents, investors can immediately capture rent growth and enhance returns through professional management. Additionally, the mix of standard storage and rentable POD units creates diversified income streams, making Everson Storage Center a compelling value-add investment in a growing Pacific Northwest submarket.
Seller Financing Available - Contact Broker for details.
Investment Highlights
Mom & Pop Owners Retiring:
Family owned and operated for years, the owners are retiring, creating an opportunity to acquire a well-maintained asset that has not been pushed on rents or operations.
Room for Increases:
Current rental rates are approximately 20% below market, offering immediate upside through rent increases. Professional management and standardized pricing alone show strong returns.
“Low Hanging Fruit” Digitally:
Little to no online presence with no website, suppressing leads and occupancy. Implementing a modern website and basic digital marketing is expected to increase foot traffic.
Third Tier Market with Built In Growth:
With strong local demand and a lack of competition, the facility has thrived in its market with consistently 90%+ occupancy year over year.
Seller Financing Available:
Affords the buyer a lower than market interest rate and flexible loan terms that create an above average ROI and debt yield immediately.
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