Updated Oct 15, 2026
Phoenix-based Institutional Owner Acquires Pak-A-Nut Storage In Bellingham For $8 Million
840 Marine Drive
$8,000,000
$137/SF
Building Size
58,410 SF
Asset Type
Self Storage
Closing
Oct 13, 2026
About this deal
AI
The asset involved in the transaction is a self-storage facility located at 840 Marine Drive in Bellingham, WA. The property spans 58,410 square feet and was sold for $8,000,000, resulting in a price per square foot of $137.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $8,000,000
- Sale Date: 10/13/2026
- Broker: Christopher Secreto - Marcus & Millichap
Pak-A-Nut Storage in Bellingham transitioned from local private ownership to a Phoenix-based institutional self-storage owner after two decades of operation under the previous ownership.
On the Map
$8,000,000
$137/SF
Self Storage
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Moser River Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93