Othello Self Storage Facility Trades for $5.5M
Real estate brokerage firm Marcus & Millichap has arranged the $5.5 million sale of Sun Basin Self Stor, a 69,000-square-foot self storage facility located in the Central Washington town of Othello, WA, approximately 100 miles southwest of Spokane.
Marcus & Millichap’s Christopher Secreto, an investment specialist out of the Seattle office, had the exclusive listing to market the property on behalf of the seller, an undisclosed limited liability company. Secreto also procured the buyer, a family trust.
Sun Basin Self Stor features 510 self storage units that were 91% occupied at the time of sale. Located at 610 South 1st Avenue in Othello, a town with a population of about 8,500 people in Adams County, the facility is situated just west of several residential neighborhoods in the largely agricultural region.
- ◦Sale/Acquisition