For Sale
$3,975,000

189 Pleasant View RdPost Falls, ID 83854

High-Occupancy Self Storage Facility in Idaho

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional self-storage facility presents a compelling investment opportunity. Located at 189 S Pleasant View Rd, Post Falls, ID 83854, this Class A property boasts 28,390 square feet across four single-story steel-framed buildings, constructed in 1999 and renovated in 2022. The 2.08-acre lot includes 182 units, currently operating at 84% occupancy, generating a pro-forma NOI of $226,677 and a 5.70% pro-forma cap rate. The asking price is $3,975,000, translating to $140 per square foot. Key features include a secure hydraulic liftgate, PTI gate keypad, asphalt drive aisles, corner protection bollards, high-resolution security cameras, StorEdge storage software, city water/sewer, new LED lighting, perimeter fencing, and a dedicated website. The property benefits from a convenient location near Interstate 90, a strong market presence, and the potential for rent increases. The gross lease structure and multi-tenancy contribute to its stable performance. Five parking spaces are available on-site. The property is zoned for commercial use and has a well-maintained rental office with a bathroom, kitchen, and additional storage. This turnkey facility offers a stable income stream and significant growth potential within the thriving North Idaho economy. The property is free and clear of any ground lease.

Highlights

  • Stabilized self-storage facility with 84% physical occupancy and 106% economic occupancy.
  • Strong location in growing North Idaho, offering rent increase potential.
  • Tenant insurance in place.
  • On-site office with retail center potential.
  • Modern amenities including hydraulic lift gate, LED lighting, asphalt drive aisles, and all-steel construction.
  • Unique position as the only self-storage facility south of Interstate 90 in the market.

Property Details for 189 Pleasant View Rd

Property type
Self storage facilities
Square Feet
28,390 SF
Class
A
Year Renovated
2022
Buildings
4
Stories
1
Lot Size (sq. ft)
90,605 SF
Units
182

Location Insight

City
Post Falls
County
Kootenai
State
Idaho
Latitude
47.706648059527
Longitude
-117.00174925916
189 Pleasant View Rd, Post Falls, Idaho

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189 Pleasant View Rd
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