5450 River Road
$3,200,000
5450 River Road, Rogue River, OR 97537
28,650 sqft
Building Size
3.07 acres
Lot Area
Details:
Highlights:
- Annual Tax: $ 4062.0
Description:
Rogue1 Self Storage is a premium 124-unit facility on 3.07 acres in scenic Rogue River. Completed in Summer 2024, leasing began in August and has already reached 60% capacity, with occupancy steadily rising. Featuring full concrete drive and aprons, block retaining walls, and high-end fencing with secure gated access. The facility is fully equipped for 100% automated operation, offering ease of management and tenant convenience. At 100% occupancy, gross annual rents total $2663,520, with actual expenses of $19,940, yielding a pro-forma NOI of $243,580 and a projected CAP rate of 7.6%. The property includes a remodeled 1,800 SF warehouse with newly remodeled office and bathroom. Approved plans are in place for 27 more unites, 9 in the existing building - ideal for climate-controlled storage and yielding a projected additional $48,060 annually for a strong upside in a growing market.
Location
Gallery
