investment highlights
- STRATEGICALLY POSITIONED // Prime location on SR 410 with 56,269+ daily vehicles, excellent visibility, and easy access. Surrounded by major retailers like Walmart, Target, and Costco, ensuring strong local traffic and customer demand.
- INSTITUTIONAL-QUALITY DESIGN // Built in 2020, the facility offers 742 units across 79,230 rentable SF, including a four-story climate-controlled building and eight drive-up storage buildings. High-quality construction, roll-up doors, concrete driveways, and 24/7 surveillance ensure security and efficiency.
- REVENUE MANAGEMENT UPSIDE // Clear line of sight to strengthen ECRIs for enhanced long-term revenue growth. Over 50 percent of tenant base exceeds starting rates, highlighting demand and pricing power.
- STRONG DEMOS // Class A facility in a high-demand market with strong rental growth. Affluent customer base (average income $123K+ within three miles), low storage supply, and rising population drive long-term stability.
property summary
Best Storage NW is a 742-unit, 79,230 net rentable square-foot self-storage facility located in Sumner, WA. The property sits on approximately 4.51 acres of land and was initially constructed in 2020. It includes one four-story building (608 climate-controlled units) and eight single-story self-storage buildings (134 non-climate-controlled drive-up units).
The facility is centrally located in Sumner with excellent visibility from SR 410 and over 56,269 passing vehicles per day. There are major drivers in the immediate area such as Walmart, Starbucks, Target, WinCo Foods, and Costco to name a few. Sumner is an affluent Class-A neighborhood with strong storage fundamentals and an average household incomes exceeding $123,073 per year.
A key component of the property is a DaVita Dialysis Care Center, which leases 10,296 square feet of retail/medical space within the facility. DaVita has invested over $2 million in tenant improvements, demonstrating their long-term commitment to the location. Their presence adds a stable, long-term source of reliable rental income. Additionally, there is an opportunity to add another retail tenant to the vacant 1,548-square-foot space.