3816 Smith Ave Immeuble de 25 836 pi² • Spécialité • À vendre 5 395 611 $ CAD • Taux de capitalisation 7,20% • Everett, WA 98201

Springer Real Estate is pleased to present 3816 Smith Avenue, a 150-unit self-storage facility in Everett, WA. The professionally managed property comprises approximately 25,836 rentable square feet across four metal structures on a 1.01-acre site and is currently 53% leased in active lease-up as of May 2026.
The facility produces in-place income today with meaningful upside as occupancy climbs toward stabilization. Current annualized net income is approximately $82,581. At stabilized occupancy, net operating income is projected at approximately $280,708 based on current existing-tenant rental rates, representing a 7.20% stabilized cap rate at the $3,900,000 asking price.
Positioned near Interstate 5 with direct freeway access, the property sits in a supply-constrained Everett market near the Port Gardner waterfront and redevelopment district. Everett is Snohomish County’s second-largest city with a 2024 population above 116,700 and is anchored by major employers including Boeing.
Highlights:
150 units across four professionally managed metal structures
53% leased with significant lease-up upside toward stabilization
Approximately 25,836 rentable SF on a 1.01-acre site
$280,708 projected stabilized NOI
7.20% stabilized cap rate at asking price
2021 environmental report with no evidence of REC
Fencing and security cameras onsite
Direct I-5 access near downtown Everett and the Port Gardner waterfront
Offered at $3,900,000.