Washington Self-Storage Facility Sells for $8M
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. Washington office has been a leading conversion market in the cycle, with multiple downtown Class B assets entering office-to-residential programs in the last twelve months. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 24th Washington story tracked on the wire in November 2026. All Washington coverage →
Computed from Real Estate Trail’s own tracked coverage
Pak-A-Nut Storage, a 58,410 sf self-storage facility in northwest Washington, was purchased by an institutional self-storage owner in an $8M transaction. The property is located at 840 Marine Drive in Bellingham, abou…
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