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The Hatcher Coe Group of Marcus & Millichap is pleased to exclusively offer for sale Long Lake Storage located in Port Orchard, Washington. The facility consists of 226 non-climate-controlled units, 60 heated units, and 49 container units totaling 49,670 net rentable square feet. This is a stabilized cash flowing facility that is currently 95% physically occupied. The property is fully fenced with a keypad, gated entry, an on-site management office, and 24-hour video surveillance.

Located just 12 miles from downtown Seattle, this facility benefits from a dense and growing surrounding population. The population within five miles of the facility is 91,867, which represents a 15.6% increase since 2000 and is expected to continue to grow over the next five years. They are located off a busy street which offers the facility great street frontage and high daily traffic counts of around 14,200 cars per day off Southeast Mile Hill Drive.

Long Lake Storage is being offered for $12,000,000 or $241.59 per rentable square foot.

Population
In 2021, the population in your selected geography is 91,649. The population has changed by 15.6 percent since 2000. It is estimated that the population in your area will be 94,867 five years from now, which represents a change of 3.5 percent from the current year. The current population is 52.3 percent male and 47.7 percent female. The median age of the population in your area is 36.1, compared with the U.S. average, which is 38.4. The population density in your area is 1,163 people per square mile.

Households
There are currently 36,093 households in your selected geography. The number of households has changed by 17.4 percent since 2000. It is estimated that the number of households in your area will be 37,706 five years from now, which represents a change of 4.5 percent from the current year. The average household size in your area is 2.4 people.

Income
In 2021, the median household income for your selected geography is $70,549, compared with the U.S. average, which is currently $65,694. The median household income for your area has changed by 76.9 percent since 2000. It is estimated that the median household income in your area will be $71,375 five years from now, which represents a change of 1.2 percent from the current year.

The current year per capita income in your area is $35,477, compared with the U.S. average, which is $36,445. The current year’s average household income in your area is $87,589, compared with the U.S. average, which is $94,822.

Employment
In 2021, 41,651 people in your selected area were employed. The 2000 Census revealed that 57.5 percent of employees are in white-collar occupations in this geography, and 42.5 percent are in blue-collar occupations. In 2021, unemployment in this area was 7.0 percent. In 2000, the average time traveled to work was 22.8 minutes.

Housing
The median housing value in your area was $301,665 in 2021, compared with the U.S. median of $227,827. In 2000, there were 18,028 owner-occupied housing units and 12,727 renter-occupied housing units in your area. The median rent at the time was $526.

Education
The selected area in 2021 had a higher level of educational attainment when compared with the U.S. averages. Only 8.1 percent of the selected area’s residents had earned a graduate degree compared with the national average of 12.0 percent, and 17.2 percent completed a bachelor’s degree, compared with the national average of 19.5 percent.

The number of area residents with an associate degree was higher than the nation’s at 11.3 percent vs. 8.3 percent, respectively.

The area had fewer high-school graduates, 25.7 percent vs. 27.2 percent for the nation, but the percentage of residents who completed some college is higher than the average for the nation, at 30.8 percent in the selected area compared with the 20.5 percent in the U.S.

■ 49,670 Net Rentable Square Feet
■ 226 Non-Climate Controlled Units
■ 60 Heated Units
■ 49 Container Units
■ Stabilized Facility: 95% Physically Occupied
■ High Daily Traffic Counts: 14,200 Cars/Day off SE Mile Hill Dr
■ Dense & Growing Population: 91,649 People Living Within a Five-Mile Radius

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