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Self-Storage Facility

Summit Self Storage Portfolio

535 Peak View Estates Rd, Victor, ID 83455

Listing Price: $15,500,000

Cap Rate
5.36%
Number of Units
571
Occupancy
96.0%
Gross SF
69,200
Rentable SF
69,200
Price/Rentable SF
$223.99
Year Built
2004

Investment Overview

Marcus & Millichap is pleased to offer for sale Summit Self-Storage Three Property Portfolio located in southeastern Idaho. Two of the facilities have 571 total combined units, totaling 69,200 net rentable square feet. The third location in Driggs is currently outdoor parking only with the potential to purchase four acres of land for an expansion opportunity. The three locations are fully secured with 24-hour video surveillance and an on-site management office. These are stabilized and cash-flowing facilities that have a combined 96 percent physical occupancy. These facilities benefit from a rapidly growing surrounding population and are all within close proximity to each other. The two Victor locations are just three miles apart and the Driggs location is just five miles up the road. The population within five miles of the facility has increased by 137 percent since the year 2000 and is expected to continue to grow. All three locations are near Highway 33, seeing about 8,500 cars per day, which provides the facilities great street frontage and visibility.

Investment Highlights

  • Three, Class A Self-Storage Facilities in Idaho
  • 69,200 Net Rentable Square Feet
  • 571 Total Combined Non-Climate-Controlled Units
  • Driggs Location Outdoor Parking Only - 100 Spaces
  • Proposed 64,110 Net Rentable Square Feet Expansion at Driggs Location

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) ID: DB54599

    Idaho

Financing By

Self-Storage Facility

Summit Self Storage Portfolio

Listing Price: $15,500,000

Cap Rate
5.36%
Number of Units
571
Occupancy
96.0%
Gross SF
69,200
Rentable SF
69,200
Price/Rentable SF
$223.99
Year Built
2004

Investment Highlights

  • Three, Class A Self-Storage Facilities in Idaho
  • 69,200 Net Rentable Square Feet
  • 571 Total Combined Non-Climate-Controlled Units
  • Driggs Location Outdoor Parking Only - 100 Spaces
  • Proposed 64,110 Net Rentable Square Feet Expansion at Driggs Location

Investment Overview

Marcus & Millichap is pleased to offer for sale Summit Self-Storage Three Property Portfolio located in southeastern Idaho. Two of the facilities have 571 total combined units, totaling 69,200 net rentable square feet. The third location in Driggs is currently outdoor parking only with the potential to purchase four acres of land for an expansion opportunity. The three locations are fully secured with 24-hour video surveillance and an on-site management office. These are stabilized and cash-flowing facilities that have a combined 96 percent physical occupancy. These facilities benefit from a rapidly growing surrounding population and are all within close proximity to each other. The two Victor locations are just three miles apart and the Driggs location is just five miles up the road. The population within five miles of the facility has increased by 137 percent since the year 2000 and is expected to continue to grow. All three locations are near Highway 33, seeing about 8,500 cars per day, which provides the facilities great street frontage and visibility.

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): ID: DB54599

    Idaho

Financing By

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