3606 Grade Rd - Grade Road Self Storage
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3606 Grade Rd - Grade Road Self Storage
96,780 SF Speciality Building Offered at £2,269,105 in Lake Stevens, WA 98258
Investment Highlights
- Shovel ready site with approved plan set and permits pulled and paid for.
- Institutional quality planning, design and architecture.
- Favorable average unit size for suburban location of 107 square feet.
- Fully entitled project with an approved plan set.
- Facility to offer 96% heated units in a trade area that is undersupplied for climate space
- Attractive contemporary design of steel framing, a glass façade and decorative CMU block.
Executive Summary
Grade Road Self Storage (the “Property”) is a “shovel ready” self storage development opportunity in the extremely high barrier to entry Seattle MSA submarket of Lake Stevens, Washington.
All entitlements and plans have been approved. The permit has been paid for and pulled. An investor may commence construction the day of closing alleviating risk and drastically reducing carry costs. The site is strategically situated on Granite Falls Highway and enjoys over 750 linear feet of frontage on this highly traveled corridor with over 15,000 cars per day. Granite Falls Highway is the first corridor immediately north of Lake Stevens to allow for uninterrupted east/ west travel making this a dynamic location.
This Class “A”, trophy style asset has been designed to institutional standards making use of clean, contemporary architecture, a high-end glass façade exposing interior roll up doors, decorative CMU block and a standing seam metal roof. There will be three stories above grade along with a basement level. Grade Road Self Storage will provide 73,920 rentable square feet of heated storage space across 690 units. The average unit size is 107 square feet. This trade area has an extremely low amount of comparable product with a current climate-controlled SF per capita ratio of 2.81. There is no new storage supply currently slated in the trade area.
All entitlements and plans have been approved. The permit has been paid for and pulled. An investor may commence construction the day of closing alleviating risk and drastically reducing carry costs. The site is strategically situated on Granite Falls Highway and enjoys over 750 linear feet of frontage on this highly traveled corridor with over 15,000 cars per day. Granite Falls Highway is the first corridor immediately north of Lake Stevens to allow for uninterrupted east/ west travel making this a dynamic location.
This Class “A”, trophy style asset has been designed to institutional standards making use of clean, contemporary architecture, a high-end glass façade exposing interior roll up doors, decorative CMU block and a standing seam metal roof. There will be three stories above grade along with a basement level. Grade Road Self Storage will provide 73,920 rentable square feet of heated storage space across 690 units. The average unit size is 107 square feet. This trade area has an extremely low amount of comparable product with a current climate-controlled SF per capita ratio of 2.81. There is no new storage supply currently slated in the trade area.
Property Facts
| Price | £2,269,105 | Building Class | A |
| Price Per SF | £23 | Lot Size | 4.15 AC |
| Sale Type | Investment | Construction Status | Proposed |
| Property Type | Speciality | Building Size | 96,780 SF |
| Property Subtype | Self-Storage | Number of Floors | 4 |
| Price | £2,269,105 |
| Price Per SF | £23 |
| Sale Type | Investment |
| Property Type | Speciality |
| Property Subtype | Self-Storage |
| Building Class | A |
| Lot Size | 4.15 AC |
| Construction Status | Proposed |
| Building Size | 96,780 SF |
| Number of Floors | 4 |
Amenities
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 290605-002-016-00 | Improvements Assessment | £3,834 |
| Land Assessment | £337,079 | Total Assessment | £340,913 |
PROPERTY TAXES
Parcel Number
290605-002-016-00
Land Assessment
£337,079
Improvements Assessment
£3,834
Total Assessment
£340,913
zoning
| Zoning Code | LB |
| LB |
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3606 Grade Rd - Grade Road Self Storage
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