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$974,990

Active

5885 Van Giesen

West Richland, WA 99353

Call Agent
10,512Sq Ft
1978Year Built
70Days on Market

About This Home

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

Property Details

MLS# 293326
Property Type Commercial Sale
Status Active
List Price $974,990
Square Feet 10,512 sq ft
Year Built 1978
Annual Taxes $5,546
Days on Market 70

Location

Listing courtesy of HomeSmart Elite Brokers · 509-371-9085

Based on information submitted to Pacific Regional MLS (PACMLS) and distributed by MLS Grid as of Aug 8, 2026. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither the listing broker(s) nor Powell Real Estate Group shall be responsible for any typographical errors, misinformation, or misprints. © 2026 Pacific Regional MLS. All rights reserved.