Class A, 2020 built, REIT managed, self-storage asset in the Portland Oregon area

$18,900,000
For Sale

5922

Property ID

86,623 SqFt

Size

Description

This off-market opportunity is currently in lease-up and approximately 37% occupied (as of March 10, 2021) with a projected as-stabilized NOI of $1,800,000 and an appraised as-is value of $20,000,000 in December of 2020 (appraised by CBRE). Stabilized value of $22 mm ++

Property is currently managed by on of the largest publicly traded self-storage REITs.

Available for $18,900,000 ($1.1 million below appraised value).

Address

  • Province / State: Oregon
  • City / Town: Portland area
  • Postal code / ZIP: 97223
  • Property ID 5922
  • Price $18,900,000
  • Property Type Special Purpose
  • Property status For Sale
  • Year Built 2020
  • Size 86,623 SqFt
  • Land area 0.98.98 Acres
  • Sellers Motivation high
  • Number of Units 950

Contact

Thomas de Jong

Property Seller
408.724.0337
tom.dejong@colliers.com
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