Idaho Storage

• Strong Value Add Opportunity: This facility is currently 60% full with the seller occupying several units himself. There is a clear value add approach by renting those to paying tenants and dramatically increasing Revenue and NOI.
• Larger Units: This facility has 97 units that are 10 x 15 or larger, which accounts for roughly 77% (97/126) of the total enclosed units enabling longer rental terms and flexibility in storage options.
• Expansion Potential: The facility currently has 36 open parking spots around the perimeter of the parcel, this open land could be used for expansion in the future pending approvals.
• Below Replacement Cost: this facility is offered at $44.77 / NRSF, which is far below what replacement cost would look like for a new development. This strong basis in the property gives the buyer downside protection while enabling appreciation without going over the market average $ / NRSF.
• Mom and Pop Management: Seller has not managed this property nearly to its potential, there is a website in place, but no ability to rent online, and no ancillary income streams have been implemented enabling a buyer to increase the overall revenue that can be collected on site.