This established mini storage facility in Saltair offers an excellent investment opportunity. With over 150 units, it is being offered at over a 6% cap rate. It has strong local demand, including waitlists for select unit sizes, providing dependable cash flow and long-term stability. Recent upgrades include fresh exterior paint, new crushed gravel throughout, upgraded LED lighting, and a newly implemented software system with automated payment collection, making day-to-day operations efficient and low maintenance. The property also offers excellent expansion potential, with opportunities to increase outdoor storage or add additional portable storage units to further grow revenue. With established income, modernized systems, recent capital improvements, and room to expand, this turnkey commercial asset is a rare find in a growing Vancouver Island market.
Address
#1 - 10862 Chemainus Rd
List Price
$3,690,000
Property Type
Commercial Sale
Type of Dwelling
Mixed Use
Transaction Type
Sale
Area
Duncan
Sub-Area
Du Chemainus
Lot Size
56628 Sq. Ft.
Lot Size (Acres)
1.3 Ac.
MLS® Number
1042470
Listing Brokerage
eXp Realty (DU)
Postal Code
V9G 2A4
Tax Amount
$24,388.00
Tax Year
2025
Amenities
Easy Access, Fencing: Full, Level, Lighting