Property Details

2250 Basin St SW

Ephrata, WA 98823

$6,850,000

Pending

CBA# 713355 courtesy of CBA Listing firm: American Real Estate Associates, Inc.

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Industrial

Property Type

101,424

Bldg Sq Ft

625

Units

7.00%

Cap Rate

1998

Year Built

Property Overview

Yenney Storage is a three-property self-storage portfolio strategically located across Ephrata and Soap Lake, Washington, serving the broaderGrant County trade area within the Columbia Basin. The portfolio totals approximately 625 units plus outdoor parking, offering a diversemix of unit sizes, drive-up access, and vehicle storage catering to residential, commercial, and recreational users.The assets benefit from strong visibility along key regional corridors, including Highway 28, and are positioned to capture demand from bothlocal population growth and seasonal tourism traffic to Sun Lakes, Banks Lake, and Lake Roosevelt. The Basin St. and Soap Lake propertiesfront Highway 28 which has an ADT of 15,000 cars from Memorial day to Labor day leading to 2.2 million cars per summer The portfoliofeatures a combination of established facilities with proven occupancy and newer construction (2015–2023), providing a balance of in-placecash flow and expansion upside.Collectively, the properties serve a broad rural trade area with limited institutional competition, supporting durable demand driven by agriculture,small business users, and recreational storage needs.