475 100 S - Self-Storage Facilities FOR SALE


Paul, ID 83347
$1,400,000 USD
509-435-2424
475 100 S, Paul, ID for Sale
$1,400,000 USD
Self-Storage Facilities - FOR SALE
1/7
null | Request Cap Rate

475 100 S
Paul, ID 83347


HIGHLIGHTS

  • Upside! Facility is currently significantly below market rents with room to grow occupancy, plus expansion land, can 2x your investment
  • Priced at $23/SF, well below construction cost
  • Full fenced facility with security cameras, website and storage software
  • Room to expand, add more enclosed units or covered canopy RV on the 5+ acres
  • Recently built, still in lease-up, gives a new owner the opportunity to benefit from the potential of this facility

OVERVIEW

First time or experienced buyers, here’s your chance to acquire an up-and-coming self storage facility. Tri City Storage is a recently-built (2022-2023) facility located in Paul, Idaho in the Southern Idaho Valley near the Snake River and numerous lakes. 17,500 NRSF storage, along with 46,080 covered canopy RV parking (179) units, plus 86 outside vehicle parking spots on +5 acres. Acquisition cost is significantly below replacement cost at $23/SF. Currently 74% occupied and still in lease-up and rents are below market by $0.20/sf. Significant upside all around. Fully fenced and secure with entrance gate, website and storage software in place. www.tricityrvstorage.com

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$21 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Tri City Storage - Idaho

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

128

LAND DETAILS

LAND ACRES

5.5 AC

LAND SF

239,580 SF

ZONING

LI

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ryan LaytonAmerican Real Estate Associates, IncMore Info
509-435-2424

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Ryan LaytonAmerican Real Estate Associates, IncMore Info
509-435-2424

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.