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16680 Box Way - Obsidian Self Storage
5,360 SF Specialty Building Offered at $720,000 at a 6.06% Cap Rate in La Pine, OR 97739
Investment Highlights
- New Construction
- Remote Management
- Online Rentals
- High Barriers to Entry
- Below Market Rents
- Proximity to Outdoor Recreation Activities
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Title and Insurance
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$66,240
|
$12.36
|
| Other Income |
$3,060
|
$0.57
|
| Vacancy Loss |
$13,248
|
$2.47
|
| Effective Gross Income |
$56,052
|
$10.46
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,424
|
$2.32
|
| Net Operating Income |
$43,628
|
$8.14
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $66,240 |
| Annual Per SF | $12.36 |
| Other Income | |
|---|---|
| Annual | $3,060 |
| Annual Per SF | $0.57 |
| Vacancy Loss | |
|---|---|
| Annual | $13,248 |
| Annual Per SF | $2.47 |
| Effective Gross Income | |
|---|---|
| Annual | $56,052 |
| Annual Per SF | $10.46 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $12,424 |
| Annual Per SF | $2.32 |
| Net Operating Income | |
|---|---|
| Annual | $43,628 |
| Annual Per SF | $8.14 |
Property Facts
| Price | $720,000 | Property Subtype | Self-Storage |
| Price Per SF | $134 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 6.06% | Building Size | 5,360 SF |
| Sale Conditions | Business Value Included | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2022 |
| Price | $720,000 |
| Price Per SF | $134 |
| Sale Type | Investment |
| Cap Rate | 6.06% |
| Sale Conditions | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 0.43 AC |
| Building Size | 5,360 SF |
| No. Stories | 1 |
| Year Built | 2022 |
About 16680 Box Way , La Pine, OR 97739
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 $720,000. 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 84% 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 5.13% and an attractive price per sq. ft. of $134.33. 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.
PROPERTY TAXES
| Parcel Number | 205432 | Improvements Assessment | $0 (2023) |
| Land Assessment | $0 (2023) | Total Assessment | $290,930 (2023) |
PROPERTY TAXES
zoning
| Zoning Code | LPIND |
| LPIND |
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16680 Box Way - Obsidian Self Storage
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