Storage Facility-463 Units When Completed

Caldwell, ID
Canyon County

Asking Price: Annual Revenue:
$4,850,000 Not Disclosed

Services: Moving & Storage

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RE: Storage Facility-463 Units When Completed Broker: Gary Spiers
License #: SP26865

Quick Facts

Asking Price: $4,850,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2018
Employees: Not Disclosed
BBN Listing #: 603345556
Broker Reference #: 1466-21320

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Business Overview:

Property highlights:

Completed Project Underwriting Docs:
5.90% Cap Rate with 5% Vacancy
NOI $336,096

We are offering two options on the purchase of this complex.

Option One:
The complex sold as is with Phase I and Phase II completed and Phase III to be completed by the Buyer. Price is $4,850,000

Option Two:
The Sellers will complete the Complex with a delivery date on Phase III (6) months after an offer is accepted and Buyers have approved the plans. Price is $5,750,000 to complete the complex.

-Phase 1 and Phase 11 completed with Phase 111 to be completed by the Buyer!
-Experienced Management Company in place!
-Office and Restrooms completed, ADA compliant.
-Low maintenance operation!
-Surrounded by residential rooftops.
-Close to retail including Walmart & Walgreens.
-Great Location with High Traffic Counts!
-24-Hour Kiosk available!
-Security Cameras in use!

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Property Features and Assets:

-173 units completed in Phase 1! (39,916 square feet) 99% occupied 10x10 (8) 10x20 (23) 10x22 (44) 10x25 (58) 10x30 (33) 4x9 (3) 4x14 (2) 9x10 (1) 9x14 (1) -69 Units completed in Phase 2 (12,050 Square feet) Completed in January 10x15 (35) 10x20 (34) -220 Units are planned for Phase 111 10x10 (28) 10x15 (139) 10x20 (53) -Located on 5.30 acres and has gate code access!

Market Competition and Expansion:

Area growing fast and facility filling up fast!

Reason for Selling:

To move on to other project.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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