2500 S Grand Ave
Pullman, WA 99163

Property General Information Location: S 2500 Grand Ave, Pullman WA 99163 Parcel size: 4.49 Acres - surveyed 2014 (Four separate parcels of land) Improvements: • 14 separate buildings o 35,430 SQ feet – mini storage & warehouse under roof o 13,000 SQ Feet – outside RV Parking • Three 40’ x 120’ buildings. Buildings A, B & C - Slab on grade full foundation • 148 Storage and warehouse units o 3 -33’ x 40’ warehouse units o 3 – 40’ x 40’ warehouse units combined into one unit – US Bakery -Commercial Lease o 6 – 10’ x 13.5’ units o 79 – 10’ x 10’ units o 10 - 10’ x 12’ units o 15 – 10’ x 15’ units o 26 – 12’ x 30’ units o 3 – 20’ x 30’ warehouses o 1 – 40.5’ x 50.3’ warehouse • 43 RV Parking - varies sizes Construction Phasing • Phase I - completed 1992 - Buildings A, B & C • Phase II – completed 1994 • Phase III – completed 1996 General Information • Most of larger units have interior lighting on timer that gives tenants 20 minutes of light with push of button, no interior electrical outlets. • One “On site” ADA restroom located in Building C - shared with tenant Building C (US Bakery) with exterior access door direct to restroom. Door code only with other commercial tenants for joint use of restroom. • Two entry gates controlled remotely by Sitelink software and DigiGATE software from remote management office in Pullman. • Four onsite cameras that monitor the facility entrances and send video stream to remote office for monitoring. • Property fenced on front and all sides, visible and accessible to the public • Property is served by three (3) house electrical meters that provide power to interior lights and site lighting. Exterior lighting is florescent and LED. • Pylon Signage on Grand Ave (shared with third parties) located on Blue sky property. • Most of the RV parking is on improved gravel parking lot surfaces. • Unit #1 a 10’ x 13.5’ is used for management storage, network computer and gate controls (conditioned space) • Units 4, 5 & 6 Warehouses o Individual electrical metering each unit o Varying levels of finish each unit including insulation, electrical outlets, lighting, Sheetrock, A/C, Gas unit heaters etc. o 12 ’x 12’ overhead doors plus man door each unit. • Units 30, 31 & 32 – combined into one large unit - US Bakery is long term Tenant o One master electrical service -set up to be subdivided separately in future if needed. o One (1) Loading dock with motorized hoist lift and roll-up door. o Three 12’ x 12’ overhead doors plus three (3) man doors o Shared ADA Restroom o Insulated o US bakery rent includes four RV spaces for employee parking while delivering in company trucks. o US Bakery has an onsite dumpster that they pay cost direct to disposal company o Commercial lease through 3/31/2020 with option to renew through 3/31/2025 – US Bakery – tenant has been at current location approximately 20 years – used as local distribution warehouse for baked goods and indicate they plan to renew option. • Unit 148 – insulated pole building with separate electrical service also has natural gas stubbed to building for future use – two 12’ x 12’ overhead doors and one man door • Units #80 and #140 are used by the current owner as personal storage at no cost - market rent of these units is $295 per month increasing net income per year $3,540.00 per year in net income after property sale • Premises 100% full from mid-April through August each year • Approximately 85% occupancy balance of year. most vacancy in the 10’ x 10’ units size which are overbuilt in Pullman Market • Facility features all paved driveways (extra wide) • Opportunity for expansion and growth by building more mini storage to replace RV Parking and or conversion of warehouse space to conditioned small storage units or locating portable units at RV parking locations. • $93,470. Expended in capital improvements in 2018, new asphalt paving and striping & signage • No deferred property maintenance