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13411 E 32nd Ave - Skyview Storage 113,502 SF Specialty Building Offered at $18,475,158 CAD in Spokane Valley, WA 99216
Executive Summary
Skyview Storage, adjacent to multiple new residential developments, comprises a 9-building portfolio located at 13411 E 32nd Ave, Spokane Valley, WA 99216. This strategic location is situated at the intersection of 32nd Ave and Hwy. 27, two prominent and high-traffic corridors. The portfolio includes a turnkey, cash-flowing, 533-unit storage facility, a popular coffee stand, a gas station, five retail center lots, and a con¬tracted Verizon cell tower on the storage property. These are long-term contracted legacy tenants who would highly value the high traffic positioning of their businesses under any management.
Spokane Valley, characterized by its high barriers to entry (imposed by zoning regulations) allows Skyview to operate without competition, enhancing its value through scarcity, both in storage and retail tenants. By catering to a diverse range of residential owners, the facility, along with its eight other buildings, serves as a convenient destination for numerous individuals’ daily activities. Whether seeking a cup of coffee or refueling their vehicles, the portfolio enjoys a dominant market presence within a dominantly residential area.
The facility is constructed with wood framing and comprises 15 buildings, each with unit sizes ranging from 5x5 to 12x40. In the rear of the lot, adjacent to the Verizon cell tower, there are 59 RV parking spaces ranging from 12x25 to 12x70. The facility presents promising val¬ue-add opportunities that require attention. Enhancing the site layout, optimizing the rental pricing structure, and capitalizing on the limited availability of this facility can lead to high margins.
Spokane Valley, characterized by its high barriers to entry (imposed by zoning regulations) allows Skyview to operate without competition, enhancing its value through scarcity, both in storage and retail tenants. By catering to a diverse range of residential owners, the facility, along with its eight other buildings, serves as a convenient destination for numerous individuals’ daily activities. Whether seeking a cup of coffee or refueling their vehicles, the portfolio enjoys a dominant market presence within a dominantly residential area.
The facility is constructed with wood framing and comprises 15 buildings, each with unit sizes ranging from 5x5 to 12x40. In the rear of the lot, adjacent to the Verizon cell tower, there are 59 RV parking spaces ranging from 12x25 to 12x70. The facility presents promising val¬ue-add opportunities that require attention. Enhancing the site layout, optimizing the rental pricing structure, and capitalizing on the limited availability of this facility can lead to high margins.
Property Facts
| Price | $18,475,158 CAD | Building Class | C |
| Price Per SF | $162.77 CAD | Building Size | 113,502 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Year Built | 1987 |
| Price | $18,475,158 CAD |
| Price Per SF | $162.77 CAD |
| Sale Type | Investment or Owner User |
| Property Type | |
| Building Class | C |
| Building Size | 113,502 SF |
| No. Stories | 1 |
| Year Built | 1987 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
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13411 E 32nd Ave - Skyview Storage
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