West Valley Storage is a brand-new, 370-unit non-climate controlled, Class A self-storage facility located at 12755 Clow Corner Road in Dallas, Oregon (soon to be 1975 SE Skys The Limit Way). This offering represents a rare opportunity to acquire a new construction storage unit development. Investors gain immediate and complete control to establish preferred systems, set optimal market rents, and define the full lease-up strategy from day one. This facility is positioned for long-term value appreciation within one of Polk County’s most promising growth corridors.
The estimated value of the property is $6,725,000 once the facility is stabilized. The asking price of $6,350,000 leaves $375,000 in consideration for the stabilization costs. Stabilization cost is based on a 24-month stabilization/lease-up period. During this time, there is a reduction in income (stabilization adjustment) for year one and two. The total adjustment for year one and two is subtracted from the stabilized value to adjust for the Buyer’s lease-up risk.
The 4.38-acre site offers a uniquely strategic advantage, situated immediately adjacent to the new West Valley Industrial Park. This 22-lot development will house a range of contractors and trade businesses, creating the potential for commercial storage users. Additionally, each industrial lot has the ability to add an on-site caretaker apartment in the building creating the potential for residential users. Further enhancing visibility and traffic flow, the property will benefit from the adjacent planned development of a fuel station, convenience store, and car wash, ensuring strong retail synergy and superior drive-by access. Invest in new construction, strong fundamentals, and unmatched strategic positioning with West Valley Storage.
