208-284-9946
21892 Cobalt Ave, Caldwell, ID for Sale
Self-Storage Facilities - FOR SALE
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21892 Cobalt Ave
Caldwell, ID 83605


HIGHLIGHTS

  • Currently operated under a third-party Extra Space Storage management agreement that expires in September
  • Built in two phases in 2021 and 2024, offering newer construction, modern improvements, and limited near-term capital needs.
  • 12-month average occupancy of 94.1% across 449 units, reflecting consistent demand and a stabilized operating history.
  • 415 self-storage units are complemented by 34 covered RV/boat parking spaces, broadening the property’s customer base and revenue streams.
  • In-place self-storage rents average approximately 97% of market, with additional upside available through continued rate management and lease-up
  • Positioned between Middleton and Caldwell near the Boise River, with access to expanding residential areas and the broader Boise MSA growth corridor.

OVERVIEW

Extra Space Storage presents the opportunity to acquire a modern, stabilized self-storage investment in Caldwell, Idaho. Built in two phases in 2021 and 2024, the property includes 449 total units consisting of 415 self-storage units and 34 covered RV/boat parking spaces, with a 12-month average occupancy of 94.1%. The current third-party Extra Space Storage management agreement expires in September 2026, providing a buyer with flexibility to retain the existing platform or transition to a new operator and brand.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Extra Space Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

4.89 AC

LAND SF

213,008 SF

ZONING

M1

APN/PARCEL ID

R340751040

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208-284-9946

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208-284-9946

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