Share This Listing

Message

937 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

615 N Fruitland St - Phoenix Mini Storage 21,418 SF Specialty Building Offered at $2,442,860 CAD at a 9.71% Cap Rate in Kennewick, WA 99336

Save this listing!

Favourite this listing to get notified of price updates, new media and more

EXECUTIVE SUMMARY

Phoenix Mini Storage is a long standing self storage property in Kennewick. This property has a strong rental history and features low to no maintenance buildings. The offering includes an on site office and the operation is made up of 3 buildings ranging from 6600 - 7200 sf.

FINANCIAL SUMMARY (ACTUAL - 2023)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $206,434 $9.64
Other Income - -
Vacancy Loss - -
Effective Gross Income $206,434 $9.64
Taxes $7,330 $0.34
Operating Expenses $24,741 $1.16
Total Expenses $32,071 $1.50
Net Operating Income $174,363 $8.14

FINANCIAL SUMMARY (ACTUAL - 2023)

Gross Rental Income (CAD)
Annual $206,434
Annual Per SF $9.64
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $206,434
Annual Per SF $9.64
Taxes (CAD)
Annual $7,330
Annual Per SF $0.34
Operating Expenses (CAD)
Annual $24,741
Annual Per SF $1.16
Total Expenses (CAD)
Annual $32,071
Annual Per SF $1.50
Net Operating Income (CAD)
Annual $174,363
Annual Per SF $8.14

PROPERTY FACTS

Price $2,442,860 CAD
Price Per SF $114.06 CAD
Sale Type Investment
Cap Rate 9.71%
Property Type Specialty
Property Subtype Self-Storage
Building Class C
Lot Size 1.07 AC
Building Size 21,418 SF
No. Stories 1
Year Built 1976
Opportunity Zone Yes
Zoning Commercial Auto Row - CAR - The purpose of the CAR district is to provide areas for automobile dealerships and most automobile related uses

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 136994010149001
  • 136994070000007
Land Assessment
$247,750 CAD (2024)
Improvements Assessment
$576,777 CAD (2024)
Total Assessment
$824,526 CAD (2024)
Annual Taxes
$7,330 CAD ($0.34 CAD/SF)
Tax Year
2023
  • Listing ID: 32641738

  • Date on Market: 2024-07-31

  • Last Updated:

  • Address: 615 N Fruitland St, Kennewick, WA 99336

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}