$4,400,000
301 1st Street NE
Listing Type: For Sale
Property Type: Industrial, Specialty
Status: Available
CBA ID#: 670043
301 1st St NE
Yelm, WA 98597

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Commercial Property

Marketing Description:

Prime commercial real estate opportunity in Yelm, Washington! A 275-unit storage complex with roughly 18% under local market rents and potential to add approximately 36-40 more units. Located in a thriving area, it offers a strategic advantage for investors. Benefit from strong tenant demand, strong historical occupancy, potential rental rate increases, and solid cash flow. With a high occupancy proven track record, this turnkey investment promises long-term appreciation and high returns. Don't miss out on this exceptional opportunity in Yelm's growing market.Strong Track Record of Occupancy:2021 - 99-100%2022 - 99-100%2023 - Rents increased Current Vacancy at 95%Last Month Total Cash in: $28,745.23 at 95% OccupancyIf extra units added, increases Potential rental income by $3,840

Land Features:

  • Lot Size: 101495 SqFt
  • Lot Acreage: 2.33 Acres
  • Zoning: CBD

Building Features:

  • Building Size: 31130 SqFt
  • Available Space: 31130 SqFt
  • Number of Floors: 1
  • Cap Rate: 0.00%
This Listing Supplied Courtesy of Greene Commercial
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
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