Presented by: RE/MAX Key Properties
Property Description
HUGE PRICE REDUCTION! For Sale. Pleased to present the opportunity to acquire A-1 Madras Secure Storage in Madras, Oregon, strategically positioned in close proximity to State Hwy. 97 with access to Bend and Redmond. The facility comprises of 141 total rentable units, totaling approximately 19,052 net rental sq. ft. constructed of metal siding and pitched metal roofing. Controlled gate access, offering a durable low maintenance operating profile. The facility has an average of 92% occupancy rate. Asking price is below Jefferson County's RMV of $2,275.830.
Interior Features
Bathrooms
Total Baths0
Other Interior Features
Air Conditioning Y/NYes
BasementNone
Common Walls2+ Common Walls
FlooringCarpet, Concrete, Laminate
Heating Y/NYes
Heating-Ductlesstrue
Heating-Heat Pumptrue
Interior AmenitiesBuilt-in Features, Laminate Counters, Vaulted Ceiling(s)
Window FeaturesDouble Pane Windows, Vinyl Frames
General
Additional Parcels Y/NNo
Attached Garage No
Body TypeDouble Wide
Cap Rate5.4
CityMadras
Construction MaterialsConcrete, Frame
CoolingDuctless, Heat Pump
CountyJefferson
DirectionsComing from Bend on Hwy. 97 turn left on J Street in Madras. Go approximately 6 blocks to the junction of Old Culver Hwy. and J Street. Property is on the north side of J Street. Sign on property.
Gross Income152995
HeatingDuctless, Heat Pump, Propane
LevelsOne
Lot Size Square Feet79,279 sqft
Lot Size UnitsAcres
Net Operating Income107067
New ConstructionNo
Number Of Units Total141
Operating Expense45928
Other StructuresStorage, Other
OwnerPaysElectricity, Exterior Maintenance, Gas, Insurance, Interior Maintenance, Repairs, Sewer, Taxes, Water
Property TypeCommercial Sale
RoofComposition, Metal
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
SewerPublic Sewer
Sewer_co_Public_sp_Sewertrue
Standard StatusActive
StatusActive
Structure TypeHouse, Office
Subdivision NameCunningham
Tax Annual Amount$12,989
Tax Lot111311DB05301
Tax Year2025
Tenant PaysOther
ViewCity, Neighborhood, Territorial
Virtual TourClick here
Year Built1984
Year Established1984
Zoning DescriptionR2
Exterior
Building Area Total19,052 sqft
Foundation DetailsSlab
Lot FeaturesCorner Lot, Fenced, Landscaped, Level
Lot Size Acres1.82
Lot Size Area1 sqft
Parking FeaturesGravel
Road Frontage TypePrivate Access
Road Surface TypeGravel, Paved
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
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