97 North Storage
Klamath Falls, OR
Asking price
$1,500,000
Units
25
Cap rate
—
Price / unit
$60,000
About this property
Argus Self Storage Property Listings Listings Who We Are Find A Broker What We Do News & Research Market Monitor Presentations Industry News Closings Contact Listings Who We Are Find A Broker What We Do News & Research Market Monitor Presentations Industry News Closings Contact 97 North Storage Back to Results Klamath Falls, OR $1,500,000 The Property is located just north of Klamath Falls and is currently the only facility in the region available for purchase. 97 North Storage is a well-maintained, 97-unit self-storage facility benefiting from convenient highway access, strong visibility, and oversized signage at the property entrance facing the highway. The exceptional location enjoys strong traffic counts of approximately 8,818 VPD and easy left/right access directly from the main thoroughfare of Hwy 97. Consisting of three total buildings and a gravel yard for RV storage spaces on the excess land area, the Property enjoys the winning combination of ease of access and the right unit mix for today’s tenant pool. As essentially a turnkey facility, the Property features extensive security, modern software and management systems, and newer, well-designed infrastructure. The facility includes 97 existing conventional storage units, as well as several outdoor parking/storage spaces and two single-family homes. The unit mix is diverse and appealing, including 72 drive-up units ranging from 5×10 to the largest 10×25 units, 25 climate-controlled units ranging from 5×10 to 10×20, and additional 12×20 parking/storage spaces on the east end of the site. $1,500,000 View Executive Summary Request Offering Memorandum All fields are required. I am a Principal I am a Broker I accept the Disclaimer . Property Info $1,500,000 14,200 RSF 97 Units 1.6 Acres Contact Listing Broker Listing Broker Scott King Merit Commercial Real Estate LLC 541-890-6708 Email Stay Connected Contact Us 1-800-55-STORE Contact Us 5460 S. Quebec Street Suite 100 Greenwood Village, CO 80111 info@argus-realestate.com Join Argus Interested in becoming an Argus Broker Affiliate? Learn How © 2026 Argus Self Storage Advisors.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $1,500,000 |
|---|---|
| Units | 25 |
| Price per unit | $60,000 |
| Building size | 14,200 sq ft |
| First seen by UnitListed | Sep 6, 2026 |
| Source page last checked | Oct 24, 2026 |
Before you call the broker
8 things are not disclosed on this listing. These are the questions that would close the gap — specific to a storage facility, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Physical vs economic occupancy — not disclosed
What is physical occupancy, and what is economic occupancy?
A facility can be 92% full and still be collecting far less, through concessions and delinquency. Physical occupancy alone flatters the deal.
Climate-controlled share — not disclosed
How many units are climate-controlled, and what is the rate premium?
Climate-controlled space earns more per square foot and costs more to run. The mix changes both sides of the model.
Expansion land and entitlements — not disclosed
Is there expansion land, and has anything been entitled or permitted?
Often the whole thesis in storage. Also the difference between a plan and a permit.
How it is managed today — not disclosed
Is this staffed, remotely managed or unmanned, and does a management contract transfer?
Decides whether the expense line you are shown survives the sale.
Asking price — disclosed
Currency of the asking price — disclosed
Unit mix and rent roll — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 6, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Sep 6, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
