WA
Benton
West Richland
99353
5885 Van Giesen ST
5885 Van Giesen ST, West Richland, WA 99353
Share Listing
Listing Type
Commercial/Industrial
Listing Status
Active
35
$974,990

Home Details for 5885 Van Giesen ST

Price
$974,990
Type
Commercial Sale
Square feet
10512
Year built
1978
Lot size acres
0.6
County
Benton
MLS Listing#
293326
Property Description

This Self Storage Facility presents an outstanding opportunity to acquire a well-established income-producing asset in the rapidly growing West Richland market. Located on Van Giesen Street, this 90-unit self-storage facility offers strong in-place cash flow with significant upside potential through continued occupancy growth, operational modernization, and strategic improvements. Currently operating at approximately 85% physical occupancy, the property features a highly functional unit mix designed to serve a broad range of residential and commercial storage users. A standout feature is that every unit is equipped with individual power access — an amenity frequently not found in many competing facilities. The facility offers easy customer access with wide drive aisles, strong street visibility, and a convenient location near expanding residential neighborhoods and major commuter corridors. The current list price reflects a cap rate of just over 7%, presenting investors with an attractive yield opportunity in an increasingly competitive self-storage sector. The facility offers easy customer access with wide drive aisles, strong street visibility, and a convenient location near expanding residential neighborhoods and major commuter corridors. The current list price reflects a cap rate of just over 7%, presenting investors with an attractive yield opportunity in an increasingly competitive self-storage sector. Additional value-add potential exists through security and technology enhancements, including online payment system and a website. The property also includes an easement area for the adjoining property's well head. Contact Listing Broker for financial information, rent roll, and showing instructions

Property Features
  • Utilities
    • Electricity Connected
Listing Courtesy: HomeSmart Elite Brokers - 509-371-9085
Listings courtesy of PACMLS/Tri City AOR. IDX information is provided exclusively for consumers’ personal, non- commercial use. This data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Tri-City Association of Realtors.
EXIT REALTY TRI-CITIES LIFE
8656 W Gage Blvd, Suite 205, Kennewick, WA 99336
Steve Lambert
Designated Broker
Office
509 551 4770
Agent
509 551 4770
Request more details
Code: