- For Sale $850,000
- Property Type Other
- Units 51
- Additional Rent Contact for pricing
- Date Updated Nov 4, 2024
John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me".
Obsidian Self Storage, located at 16680 Box Way, La Pine, OR 97739, offers a prime investment opportunity with an enticing price of $775,000. Built in December of 2022, this modern facility includes 51 well-designed units within 5,360 sq. ft. of enclosed space. Currently, it maintains a strong 83% occupancy rate, leaving ample room for growth.
Situated on a spacious 0.43-acre lot, Obsidian Self Storage consists of four single-story buildings, providing convenience and accessibility. The property boasts a cap rate of 5.63% and an attractive price per sq. ft. of $144.59.
Located just 30 minutes south of Bend, Oregon, in scenic Deschutes County, Obsidian Self Storage benefits from its strategic position in an area known for outdoor recreational activities, ensuring steady demand. Additionally, there is room for rent optimization, offering the potential for increased income, making it an attractive investment opportunity. Obsidian Self
Storage is equipped with modern management tools, enabling remote management and online rentals through advanced software, streamlining operations.
Obsidian Self Storage is a compelling investment in La Pine, Oregon, suitable for both experienced investors and first-time buyers. Its strategic location, contemporary facilities, and income growth potential make it a valuable addition to any portfolio. Don't miss this opportunity to secure a promising investment.
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Attachments
Highlights
- New Construction
- High Barriers to Entry
- Remote Management
- Below Market Rents
- Online Rentals
- Proximity to Outdoor Recreation Activities
- Strong Population Growth
- Bend, Oregon Metropolitan Area
- 30 Minutes South of Bend, OR
- Ideal for First Time Investor
False
Contacts
Location
Getting Around
-
Bike Score ®
25/100 Somewhat Bikeable
- City La Pine, OR
- Neighborhood Three Rivers
- Zip Code 97739
- Market Eugene
Points of Interest
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Shell
3.46 miles
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Earl's Refill Station & RV Park
3.74 miles
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Towne Pump
3.90 miles
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CFN
4.13 miles
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Fuel Commander
5.51 miles
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Tom's Market
5.55 miles
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Ten Mile Sno-Park
6.34 miles
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Trailhead
6.96 miles
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Red Lion Hotels
1.05 miles
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Cascade Meadows RV Resort
2.71 miles
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Best Western Newberry Station
3.53 miles
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Highlander Motel
3.73 miles
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West View Motel
4.08 miles
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Paulina Lake Lodge
8.86 miles
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Ponderosa Pizza
1.04 miles
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DQ Grill & Chill
1.10 miles
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Taco Bell
3.46 miles
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McDonald's
3.47 miles
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Subway
3.49 miles
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Hunan Chinese Restaurant
3.59 miles
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Figaro's Pizza
3.61 miles
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Lucky Fortune Chinese Restaurant
3.68 miles
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La Pine Inn
3.77 miles
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Cinco De Mayo
3.82 miles
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Rosland Elementary School
1.81 miles
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La Pine High School
3.47 miles
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La Pine Elementary School
3.64 miles
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La Pine Middle School
3.67 miles
Frequently Asked Questions
How much does Obsidian Self Storage cost?
The space currently listed for sale at Obsidian Self Storage asks for $850,000.
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