Rancho Storage Center

Status

Closed

NRSF

49,795

Units

308

Parking

Location

Richland, WA

Acres

Investment Overview

Rancho Storage Center is a 49,795 NRSF institutional quality facility located at 3869 Kennedy Rd, Richland, WA 99352. The asset is comprised of 308 climate and non-climate-controlled units and is currently 83.4% occupied. The facility is strategically positioned right along Keene and Kennedy Rd, generating an impressive traffic count of ~26,000 VPD. The 5-mile market boasts a growing population of 94,850 people with an average household income of $153,168. There is a just-built Costco .7 miles from the facility, a 50-acre residential development, and a total of $2.47B of incoming commercial and residential development within the trade area. (TractIQ)

Investment Highlights

Stabilized, class-A facility grossing $54,000 per month.
Strong demographics: 26,000 VPD, 94,850 Population, $153,168 Average Household Income in 5-mile radius.
Value-add capabilities with professional management.
$2.47B in development in 5-mile radius per TractIQ.
0.4 climate-controlled SF/Capita in 3-mile market.

Lead Broker

Brendan Fonts | Senior Associate
O: 727.219.2625 | M: 561.385.1136
Bfonts@meridianstoragegroup.com
FL Lic. SL3582777

Facility Summary

Property Name:	Rancho Storage Center
Address:	3869 Kennedy Rd, Richland, WA 99352
County:	Benton Count
Land Size:	3.69 Acres
Total NRSF:	49,795 NRSF
Total Units:	308 Units
Physical Occupancy:	83.4%
Economic Occupancy:	77.4%
Building Count:	7 Buildings

Lead Broker

Brendan Fonts | Senior Associate
O: 727.219.2625 | M: 561.385.1136
Bfonts@meridianstoragegroup.com
FL Lic. SL3582777

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