Garage Plus Storage 

UNDER CONTRACT

21607 Mountain Highway E 
Spanaway, WA 98387

Contact Us for More Information 

Pricing Summary

Price: $16,000,000

Cap Rate: 6.40%

 

Net Rentable SF: 107,820 

Units: 218

Price / NRSF: $148.40

Investment Highlights

  • Premier Seattle-Tacoma MSA Self Storage Offering

  • High-Quality, Well-Maintained Facility less than 10 Years Old (2010 – 2015)

  • Unique Oversized “Garage” Units for Car Enthusiasts, “Man Caves” and Vehicle Storage 

  • 218 Units; 107,820 Square Feet

  • Existing Facility Built on 8.25 acres

  • Adjacent Land Parcel of Nearly 12.6 Acres Included with the Sale

  • Expansion Permits, Approvals and Plans to be Transferred with the Sale

  • Facility Surrounded by Newer Multifamily and Retail Development and Established Neighborhoods

  • Highly-Visible Location

  • All Heated Units with State-of-the Art Security and Amenities

  • Located 15 Miles South of Downtown Tacoma

  • 40 Miles South of SeaTac International Airport      

  • Seattle-Tacoma is a Top 14 MSA with nearly 3.9 Million Area Residents

BROKER CONTACT INFORMATION

Christopher R. Secreto 

Senior Managing Director Investments

Senior Director, National Self Storage Group

(206) 826-5748

christopher.secreto@marcusmillichap.com