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Spokane WA Commercial Real Estate Brokerage Self Storage Facility Sale Announced

The top-rated real estate brokerage in Spokane, WA announced the sale of the self-storage facility in neighboring Post Falls, adding to a successful track record of closing more than $150 million in the sale of self-storage units across the Northwest.

For more details, please visit https://areanw.com

The newly announced sale underlines American Real Estate Associates’ extensive experience in self-storage ownership, real estate development, and investments. It also affirms the firm’s goal of providing all the assistance clients require to ease the process of buying or selling their property.

The recent sale of River City Self Storage at 904 N Chase Rd in Post Falls, Idaho, comprises approximately 16,500 net rentable square feet with 132 units and a lot size of 1.21 acres. The facility was 95% occupied at the time, and rents are considerably below market rates.

According to the team at AREA, the facility was on the market for 29 days. It has an annual return on investment or cap rate of 6% – considered a good fit for an investor looking for a passive and stable investment.

Ryan Layton is the Spokane-based real estate broker behind the close of the River City Self Storage facility. He is President and senior commercial designated broker at AREA Commercial Real Estate. As a self-storage facilities expert with over 30 years of local real estate experience, Layton specializes in industrial leasing, land leasing, industrial sales, tech-flex sales, land sales, and multi-family sales.

All of Ryan’s investor clients are assured of a seamless transaction experience thanks to his broad and diverse background in self-storage ownership as well as real estate development and investment.

American Real Estate Associates (AREA) is a full-service commercial real estate development and brokerage firm represented by agents Ryan Layton and Greg Meager. Both agents have professional affiliations with Commercial Brokers Association (CBA), amongst others. The agency specializes in self-storage, multi-family, and commercial real estate investments in Spokane, Washington.

“I have represented both buyer and seller in over $150,000,000 in Self Storage sales throughout the past 10-years in Washington State. I look forward to helping more clients find their investment properties because self-storage is not slowing down,” added Ryan.

Interested parties can find more information at https://areanw.com

American Real Estate Associates
American Real Estate Associates
https://areanw.com
rlayton@areanw.com
+1-509-435-2424
4200 Cheney Spokane Road

Spokane
United States

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