Ahtanum RV Storage

2081 S 5th Ave,
Union Gap, WA 98903

 

$3,500,000
Offering Price
31,725
Rentable Square Feet
5.20%
Cap Rate
$26,718
Price Per Unit
131
Number of Units
$110
Price PSF
$3,500,000
Offering Price
31,725
Rentable Square Feet
5.20%
Cap Rate
$26,718
Price Per Unit
131
Number of Units
$110
Price PSF

Investment Summary

  • Great investment opportunity to own this Nearly new RV storage facility in Union Gap, Washington. There is a mix of covered, uncovered and open parking spaces. All covered and uncovered spaces have electrical connections to maintain charges on RV and boat batteries. Priced to sell at 6.36 Cap with room to grow rents! Professionally managed by on site 24 hour management and well taken care of with stable tenants and a waiting list. This location can't be beat within minutes of the cities of Yakima and Union Gap. Rent Trends as of January 2020 are increasing in the area as demand of RV storage spaces in the area is increasing. There will soon not be enough spaces to house the RVs in the area. This will become critical when the old Boise Cascade building, now owned by the city, is demolished. We understand that there are over 80 RV's currently stored in that facility. They will soon need a new home. There is an additional 10.92 acres of property bordering the rear of the property. This parcel (number 181201-42406) can be included in the sale or negotiated separately. It is an excellent parcel to expand the current business and/or install a RV park for travelers and campers passing through the tri-cities area. Contact us to find out more about this additional parcel.

Location Summary

  • Ahtanum RV Storage is located in Union Gap, WA, a city in Yakima County, Washington, United States. As of the 2010 census, the city population was 6,047. Union Gap has become the retail hub for the entire Yakima Valley as a result of Valley Mall and other thriving businesses being located here. Part of the city is part of the Yakama Nation. Wikipedia Weather: 41°F (5°C), Wind W at 4 mph (6 km/h), 58% Humidity Hotels: 3-star averaging $112. View hotels Population: 6,161 (2017) Yakima is a city in Washington state. It’s situated in the fertile Yakima Valley, known for its wineries and apple orchards. Yakima Valley Museum has exhibits on local history, including wooden wagons and a 1930s soda fountain. The Yakima Valley Trolleys criss-cross the area in summer. Bordering the Yakima River, the Yakima Area Arboretum encompasses gardens, natural areas and a large collection of trees. Weather: 41°F (5°C), Wind W at 4 mph (6 km/h), 58% Humidity Zip Code: 98901, 98902, 98903, 98904, 98907, 98908, 98909 Population: 93,667 (2017)
  • Great investment opportunity to own this Nearly new RV storage facility in Union Gap, Washington. There is a mix of covered, uncovered and open parking spaces. All covered and uncovered spaces have electrical connections to maintain charges on RV and boat batteries. Priced to sell at 6.36 Cap with room to grow rents! Professionally managed by on site 24 hour management and well taken care of with stable tenants and a waiting list. This location can't be beat within minutes of the cities of Yakima and Union Gap. Rent Trends as of January 2020 are increasing in the area as demand of RV storage spaces in the area is increasing. There will soon not be enough spaces to house the RVs in the area. This will become critical when the old Boise Cascade building, now owned by the city, is demolished. We understand that there are over 80 RV's currently stored in that facility. They will soon need a new home. There is an additional 10.92 acres of property bordering the rear of the property. This parcel (number 181201-42406) can be included in the sale or negotiated separately. It is an excellent parcel to expand the current business and/or install a RV park for travelers and campers passing through the tri-cities area. Contact us to find out more about this additional parcel.
FOR MORE DETAILS CONTACT
Lisa Scivally
Managing Broker
(425) 628-0631
lisa@cpiwa.com
24585
Frank Scivally
Designated Broker
(425) 442-6293
frank@cpiwa.com