Hagen Road Storage - New Construction w/CofO 1975 Hagen Rd Immeuble | 3 914 m² | Spécialité | À vendre 4 470 067 € | Taux de capitalisation 7,61 % | Richland, WA 99354

Brand new construction with Certificate of Occupancy.
• Superior Rate of Return - A 7.61% cap rate is achieved at 88% economic occupancy of the attractive lease-up rates and comfortable operating budget. Adjusting rental rates to the average of other Class A properties yields an 8.00% cap rate.
• Location, Location, Location - Ideally positioned at the signalized intersection on State Route 240, Hagen Road Storage benefits from exceptional visibility and accessibility. The facility is conveniently accessible from the established residential center of Richland to the east and the growing 1,404 lot Horn Rapids Golf Course and Quail Ridge Community to the west. It is situated between two major long-term RV parks, near a newly developed 288-unit luxury apartment complex, and directly across from one of the nation’s largest, fastest-growing, and best-funded energy, manufacturing, and industrial hubs.
• Market Area Growth - The Tri-Cities area has long been known as a national leader for its consistent economic growth and continues to earn impressive accolades. The recent launch of a landmark $45 billion Department of Energy contract has been swiftly followed by an additional proposal for a separate $4.5 billion energy-related project in Richland. Additionally, competition for major food production companies such as Darigold and Old Trapper to add manufacturing space in the region is on the rise. The influx of thousands of high-paying jobs is driving demand for new housing, further fueling the area’s robust residential growth.
• Efficient, Intelligent Unit Mix - The market-driven unit mix ranging from 5x5’s to 15x50’s, with an optimal distribution of each size is strategically designed to achieve and sustain full occupancy through drive-by demand alone. Coupled with the all new, low-maintenance building materials with attractive upgrades and an efficient site layout that enhances operational efficiency, Hagen Road Storage offers exceptional long-term investment potential.
• Low Property Taxes - Self-storage properties in Eastern Washington benefit from more stable tax assessed values with property taxes typically representing 4% to 6% of a property’s gross income. This is significantly lower than many neighboring states, where property taxes often exceed 10% of the gross income. This favorable tax environment is driven by broader property assessment pools and further enhanced by downward pressure on levy rates resulting from a growing tax base.
• High Quality/Low Cost of Living Community - The Tri-Cities area benefits greatly from its demographically supported, strong reputation for a high quality of living and comparatively affordable housing and other living expenses. The relocation of people and wealth from Western Washington and other Western States to Richland has seen the population increase by 7.8% in the last five years alone.