Updated Dec 21, 2023
Marcus & Millichap Sells Self Storage Facility In Vancouver, WA For $6M
515 Southeast 157th Avenue, Vancouver, Washington 98684, United States
$6,000,000
$140/SF
Building Size
42,780 SF
Asset Type
—
Closing
Aug 28, 2022
About this deal
AI
The self storage property located at 515 SE 157th Ave in Vancouver, WA has been sold for a total price of $6,000,000. The property spans across 42,780 square feet, resulting in a price per square foot of $140.
Summary of transation details
- Property Type: Self Storage
- Transaction Amount: $6,000,000
- Square Footage: 42,780
- Price Per Square Foot: $140
- Address: 515 SE 157th Ave, Vancouver, WA
- Market: Vancouver, WA
The sale of this self storage property was facilitated by Christopher Secreto of Marcus & Millichap. He represented the involved parties in the transaction.
On the Map
$6,000,000
$140/SF
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Vancouver CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93