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17848 Middleton Rd - Ustick Storage

61,126 SF Specialty Building Offered at $4,650,000 at a 5.91% Cap Rate in Nampa, ID 83687

Investment Highlights

  • Class A Construction (Finished 2023)
  • Great unit mix: Climate Controlled Units, Exterior Roll-Up Units, and Canopy RV Parking
  • Easy access to Inerstate 84 with easy access to Boise and entire Treasure Valley
  • Low Operational Costs
  • Future expansion plans for Phase II Development to double Net SF.
  • Bluetooth Locks / Remote Access

Executive Summary

17848 Middleton Road offers a rare opportunity to own a Class A Storage Facility located within a rapidly growing Nampa/Caldwell community. This property was recently built throughout 2022/2023 with a grand opening on January 24, 2023. The property features state-of-the-art technology to allow for easy maintenance with low operational costs. The facility is remotely managed using Storelocal Co-op's web-based software and billing systems with Janus Noke. This allows for streamlined management, resulting in significant cost savings. The property is located in the growing Middleton growth corridor with hundreds of new homes in the surrounding vicinity. It also features close proximity to Interstate 84 with easy access to Boise and the entire Treasure Valley.

Data Room Click Here to Access

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $4,650,000
Price Per SF $76
Sale Type Investment
Cap Rate 5.91%
Sale Conditions 1031 Exchange
Property Type Specialty
Property Subtype Self-Storage
Building Class B
Lot Size 4.83 AC
Building Size 61,126 SF
No. Stories 1
Year Built 2023
Parking Ratio 0.1/1,000 SF

Amenities

  • Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3087700000
Land Assessment
$725,870
Improvements Assessment
$2,374,930
Total Assessment
$3,100,800
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2024

zoning

Zoning Code C-3 (C-3 (Service Commercial))
C-3 (C-3 (Service Commercial))
  • Listing ID: 31448598

  • Date on Market: 4/8/2024

  • Last Updated:

  • Address: 17848 Middleton Rd, Nampa, ID 83687

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