9919 SW 178th Street, Vashon, WA 98070

$3,000,000

Listing courtesy of John L Scott Yakima.

List Price
$3,000,000
Status
ACTIVE
MLS#
1914291
Days on Market
25

Property Description

Vashon Mini Storage property, a 51-unit retail and self storage complex located in Vashon, Washington. The property consists of 9 retail units and 42 self storage units with an average unit size of approximately 200 square feet. Being on an island, the property has a unique captive market. The three buildings were built in 1960 and 1992. The building with address 9923 was built in 1960 and is the main building, housing 10 self storage units on the west side, an auto repair shop near the center and give additional retail units on the north end of the building. It has electric and gas heating and is wood-frame building with metal siding.

Additional Information

Community
In Town
Building Condition
Average
Style
78 - Warehouse
Year Built
1960
Roof
Metal
Tax Year
2022
Potential Terms
Cash Out, Conventional
Interior Features
Forced Air, Concrete
Flooring
Concrete
Driving Directions
Vashon island ferry, turn right on south west 178th street, property located on left.
Heating/Cooling Type
Forced Air
Electric Expenses
3000
Other Expenses
21476
Energy Source
Electric, Natural Gas, Propane
Net Operating Income
$180,262
Gross Adjusted Income
$240,264
Gross Scheduled Income
$240,264
Water/Sewer/Garbage Expenses
$1,000
Cap Rate
6
Total Expenses
$60,001

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