Tri City Self Storage

Consider an attractive investment opportunity with Tri City Storage, located at 475 West 100 South, Paul, ID 83347. Marketed by the experienced team at American Real Estate Associates, this top-notch self-storage facility is positioned for success. With a promising financial outlook, this property presents an appealing long-term investment option.

Tri City Storage is a recently constructed facility (2020-2023) situated in Paul, Idaho, in the Southern Idaho Valley close to the Snake River, Sun Valley, and numerous lakes. The property includes 17,500 NRSF storage units, 46,080 covered canopy RV parking spaces (179 units), and 86 outside vehicle parking spots, all spread across more than 5 acres.

The acquisition cost is significantly below the replacement cost, at $22 per square foot. Currently, the facility is 70% occupied and isstill in the lease-up phase, a recently added new storage building, with rental rates $0.20/sf below the market average, offering substantial potential for growth.

The property is fully fenced and secure, with an entrance gate, a website, and storage software already in place.