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LAKE STORAGE - FOR SALE
1This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
SEC of Karcher (Hwy 55) and Farmway – Caldwell, ID
LAKE STORAGE
2This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
SEC of Karcher (Hwy 55) and Farmway – Caldwell, ID
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Property Information HIGHLIGHTS
Address: SEC of Karcher andFarmway
Land Size: ± 6.4 acres
Zoning: C-G
Rentable SF: ± 51,450 SF
Storage Units: 377
Paved RV Spaces: 200
Pro Forma Stabilized NOI: $387,129
Asking Price: $5,300,000
• Fantastic location directly in the path of residential development from the North and East
• Located on major arterial highway at a newly updated and signalized intersection
• Great opportunity that leaves Buyer with flexibility to build out more storage space as needed while still collecting rent off of the high demand for RV Parking
• Low vacancy rates in nearby storage projects indicate a large demand for increased supply in the area
• Site will be paved in the spring whenthe asphalt plants reopen
• Completion date is March 2020
LAKE STORAGE
3This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
SEC of Karcher (Hwy 55) and Farmway – Caldwell, ID
Project Description: Lake Storage is a two phase 6.4 acre Mini and RV storage project being built on the SEC of Karcher and Farmway. The project will service Caldwell and Nampa residents as well as anyone who recreates at Lake Lowell, less than 1-mile South of the project. Phase 1, which is under construction consists of ± 51,450 rentable SF of mini storage (377 storage units and 200 paved RV spaces). Phase 2 is fully permitted and can be built out by future owner. Phase 2 can accommodate up to ± 36,300 SF of additional storage space. *Project will be complete March 2020
SITE PLAN
4This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
SEC of Karcher (Hwy 55) and Farmway – Caldwell, ID
PROPERTY PHOTOS
5This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
SEC of Karcher (Hwy 55) and Farmway – Caldwell, ID
MAP & DEMOGRAPHICS
6This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
SEC of Karcher (Hwy 55) and Farmway – Caldwell, ID
DEMOGRAPHICS
7This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
SEC of Karcher (Hwy 55) and Farmway – Caldwell, ID
BUILDING ANALYSIS& RENT REPORTS
8This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
SEC of Karcher (Hwy 55) and Farmway – Caldwell, ID
FINANCIAL SUMMARY
9This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
SEC of Karcher (Hwy 55) and Farmway – Caldwell, ID
EXPENSES
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SEC of Karcher (Hwy 55) and Farmway – Caldwell, ID
This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproduced in whole or in part without prior written consent.
RENTCOMPARABLES
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SEC of Karcher (Hwy 55) and Farmway – Caldwell, ID
Excluding Comp 3 which is still in lease up (having opened in March 2018) the range of stabilization comps is 94% to 99.7% with an average of 98%. It is obvious from the high level of occupancy of these stabilized projects, and the rapid lease-up so far of Comp 3, that demand in this neighborhood currently exceeds supply.
* Disclosure: Information on Rent Comparables were found online. A Buyer should do their own research in order to ensure accuracy
RENTCOMPARABLES
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SEC of Karcher (Hwy 55) and Farmway – Caldwell, ID
This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproduced in whole or in part without prior written consent.
RENTCOMPARABLES
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SEC of Karcher (Hwy 55) and Farmway – Caldwell, ID
This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproduced in whole or in part without prior written consent.
WIDE AERIAL
14This information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing thisinformation to independently verify it. This package is subject to change, prior to sale or complete withdrawal. Maps are provided for location purposes only. The pictures cannot be reproducedin whole or in part without prior written consent.
SEC of Karcher (Hwy 55) and Farmway – Caldwell, ID
CALL FOR OFFERS
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SEC of Karcher (Hwy 55) and Farmway – Caldwell, ID
Riley VernerCell: 208.585.7721Direct: 208.947.1111Fax: [email protected]
John BottlesCell: 208.994.2255Direct: 208.947.1118Fax: [email protected]
For more information please contact: