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Self-Storage Facility

Elite RV Storage

4300 E Victory Rd, Nampa, ID 83687

Listing Price: $8,000,000

Cap Rate
4.26%
Number of Units
700
Occupancy
58.0%
Gross SF
1
Rentable SF
1
Price/Rentable SF
$8,000,000.00
Year Built
2019

Investment Overview

DIVERSIFIED INCOME // Elite RV Storage has contracted to store inventory for Camping World, Bish’s RV, and Pipeline Inc. In total, these three corporate contracts lease roughly four acres and monthly rent is collected regardless of the amount of inventory stored. Many of the customers who purchase RVs sold by Camping World have maintained their storage onsite with Elite RV creating a consistent tenant base. GREAT LEASE UP MOMENTUM // Sellers have reported, on average, one new lease per day during 2021. Approximately 50% of the 17.57 acre parcel is currently leased, providing a new owner the opportunity to continue that momentum or utilize the vacant space for other development. EXCELLENT LOCATION // From 2010 to 2020 the three-mile population has grown 19% and is projected to grow another 7.7% by 2025. The greater Treasure Valley Market ranked sixth by the Milken Institute for Best Performing Large Cities in 2021. The City of Nampa has recently upgraded traffic patterns to prepare for the strong growth in the region. HIGH BARRIERS TO ENTRY // The City of Nampa has enacted moratoriums on two separate occasions over the last 24 months to limit the development of “storage properties.” Recent changes to zoning create more restrictions and barriers for new competition.

Investment Highlights

  • GREAT LEASE UP MOMENTUM // Sellers have reported, on average, one new lease per day during 2021. Approximately 50% of the 17.57 acre parcel is currently leased. Great opportunity to continue lease up.
  • From 2010 to 2020 the 3-mile population has grown 19% and is projected to grow 7.7% by 2025. The greater Treasure Valley Market ranked sixth by the Milken Institute for Best Performing Large Cities.
  • HIGH BARRIERS TO ENTRY // The City of Nampa has enacted moratoriums on two separate occasions over the last 24 months to limit the development of "storage properties." Recent changes to zoning create more restrictions and barriers for new competition.
  • DIVERSIFIED INCOME // Corporate contracs with Camping World, Bish's RV, and Pipeline Inc. Corporate contracts lease roughly four acres and monthly rent is collected regardless of inventory stored.

Broker of Record

  • Curtis B. Cluff

    Associate

    (208) 202-3511

    License(s) ID: DB45556

    Idaho

Self-Storage Facility

Elite RV Storage

Listing Price: $8,000,000

Cap Rate
4.26%
Number of Units
700
Occupancy
58.0%
Gross SF
1
Rentable SF
1
Price/Rentable SF
$8,000,000.00
Year Built
2019

Investment Highlights

  • GREAT LEASE UP MOMENTUM // Sellers have reported, on average, one new lease per day during 2021. Approximately 50% of the 17.57 acre parcel is currently leased. Great opportunity to continue lease up.
  • From 2010 to 2020 the 3-mile population has grown 19% and is projected to grow 7.7% by 2025. The greater Treasure Valley Market ranked sixth by the Milken Institute for Best Performing Large Cities.
  • HIGH BARRIERS TO ENTRY // The City of Nampa has enacted moratoriums on two separate occasions over the last 24 months to limit the development of "storage properties." Recent changes to zoning create more restrictions and barriers for new competition.
  • DIVERSIFIED INCOME // Corporate contracs with Camping World, Bish's RV, and Pipeline Inc. Corporate contracts lease roughly four acres and monthly rent is collected regardless of inventory stored.

Investment Overview

DIVERSIFIED INCOME // Elite RV Storage has contracted to store inventory for Camping World, Bish’s RV, and Pipeline Inc. In total, these three corporate contracts lease roughly four acres and monthly rent is collected regardless of the amount of inventory stored. Many of the customers who purchase RVs sold by Camping World have maintained their storage onsite with Elite RV creating a consistent tenant base. GREAT LEASE UP MOMENTUM // Sellers have reported, on average, one new lease per day during 2021. Approximately 50% of the 17.57 acre parcel is currently leased, providing a new owner the opportunity to continue that momentum or utilize the vacant space for other development. EXCELLENT LOCATION // From 2010 to 2020 the three-mile population has grown 19% and is projected to grow another 7.7% by 2025. The greater Treasure Valley Market ranked sixth by the Milken Institute for Best Performing Large Cities in 2021. The City of Nampa has recently upgraded traffic patterns to prepare for the strong growth in the region. HIGH BARRIERS TO ENTRY // The City of Nampa has enacted moratoriums on two separate occasions over the last 24 months to limit the development of “storage properties.” Recent changes to zoning create more restrictions and barriers for new competition.

Broker of Record

  • Curtis B. Cluff

    Associate

    (208) 202-3511

    License(s): ID: DB45556

    Idaho

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