Extra Space Storage
Mill Creek, WA
Executive Summary
CBRE’s Self Storage Advisory Group has been retained as the exclusive agent to market the sale of Extra Space Storage – Mill Creek, WA. This offering represents a unique opportunity to acquire an established self storage facility strategically located in one of the country’s most soughtafter MSA’s. The property’s 652 combined units are distributed across 82,760 NRSF of ground level drive-up and interior non-climate-controlled storage and 10,112 NRSF of uncovered parking. The property currently offers 24-hour video monitoring via the security camera system, automated entry gate with keypad, professional leasing office as well as a 2 bedroom/1 bathroom on-site residential unit. Recent capital improvement projects include upgrades to the property’s drainage, waterproofing, fencing and landscaping. Extra Space Storage – Mill Creek is positioned on a large 4.34 acre parcel at the heart of an infill residential community surrounded by single family, multi-family and senior living communities. The local submarket provides highly desirable demographics metrics, with population density of 358,341 people within the 5-mile radius and average household incomes of $182,817 within a 3-mile radius.This facility also benefits from the wonderful visibility provided by the sites frontage along Bothell Everett Highway, this highly trafficked thoroughfare provides 36,200 VPD. Mill Creek, Washington in Snohomish County, is a thriving suburban city with a strong economic outlook. Its economy is anchored by retail, healthcare, and professional services, supported by multiple commercial hubs and a vibrant town center that attracts dining and shopping activity. Looking ahead, Mill Creek’s 2040 Vision emphasizes strategic investments in infrastructure and commercial vitality, with upcoming mixed-use developments projected to create hundreds of jobs and inject millions of dollars into the local economy. These initiatives, combined with high household incomes and strong community engagement, position Mill Creek as a stable and growth-oriented market for future investment.
Investment Highlights
Team
Brokerage Team
CBRE Self Storage Advisory Group provides personalized and tailored services, backed by the nation’s foremost experience and technology, driving successful real estate outcomes for individual and institution investors alike. As the industry leader in self-storage advisory, we bring unmatched buyer exposure and market knowledge to each transaction, delivering maximum value to clients.
With more than $11.4 billion in consideration and over 66.3 million square feet sold since 2009, this self storage team led by Nick Walker offers customized investment sales, acquisition and recapitalization services, together with industry-leading market intelligence, to provide unmatched exposure to buyers across the country. By leveraging the strength of CBRE’s Self Storage Advisory Group, in conjunction with market research, a seamless execution process and long-standing relationships, the team can anticipate trends and command capital globally, validating CBRE’s Self Storage Advisory Group as the safest and best choice for results in the global investment property capital market.
