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10,512 sqft

$974,990

5885 Van Giesen, West Richland WA, 99353

Price per sqft$92.75
Built in1978
Property size10,512 sqft
Property typeCommercial

Overview

Active

Listed May 28, 2026

Updated Aug 7

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

Additional information

MLS® ID
293326

Interior Features

Basement
No

Exterior Features

Lot Size
0.6 Acres

Other Property Details

Taxes
$5,546
Tax Frequency
Annually

Courtesy of David Shinabarger, HomeSmart Elite Brokers

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