189 S Pleasant View Rd, Post Falls, ID 83854
- Warehouses
- 15,980 SF
- 2.05 lot acres
Current Use by Public Records
- Pleasant View Self Storage / Storage Facility
- U-Haul Neighborhood Dealer / Car Rental Facility
Property Details for 189 S Pleasant View Rd
- Year built
- 2022
- Lot size
- 2.05 lot acres
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- P390005088AB
- APU
- P390005088AB
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 24, 2024 | — | Black Dog Properties LLC | 4h Holdings II LLC | Quit Claim Deed · related | — |
| Jan 13, 2023 | — | 4 H Holdings II LLC | River Rock Self Storage LLC | Warranty Deed | $2.6M · Coastal Community Bank |
| Jun 14, 2022 | — | River Rock Self Storages LLC | — | Deed · related | $1.1M · Potlatch No 1 FCU |
| Jun 11, 2021 | — | River Self Storage LLC | — | Deed · related | $69k · Potlatch No 1 FCU |
| Jun 17, 2020 | — | River Rock Self Storage LLC | — | Deed · related | $326k · Capital Matrix INC |
| Apr 16, 2020 | — | River Rock Self Storage LLC | Michael T Connolly | Warranty Deed | $450k · Potlatch No 1 FCU |
| Jun 1, 2012 | — | Michael T Connolly | Schuler Ruedi | Warranty Deed | $350k · Washington Trust Bank |
Description
This exceptional self-storage facility presents a compelling investment opportunity. Located at 189 S Pleasant View Rd, Post Falls, ID 83854, this Class A property boasts 28,390 square feet across four single-story steel-framed buildings, constructed in 1999 and renovated in 2022. The 2.08-acre lot includes 182 units, currently operating at 84% occupancy, generating a pro-forma NOI of $226,677 and a 5.70% pro-forma cap rate. The asking price is $3,975,000, translating to $140 per square foot. Key features include a secure hydraulic liftgate, PTI gate keypad, asphalt drive aisles, corner protection bollards, high-resolution security cameras, StorEdge storage software, city water/sewer, new LED lighting, perimeter fencing, and a dedicated website. The property benefits from a convenient location near Interstate 90, a strong market presence, and the potential for rent increases. The gross lease structure and multi-tenancy contribute to its stable performance. Five parking spaces are available on-site. The property is zoned for commercial use and has a well-maintained rental office with a bathroom, kitchen, and additional storage. This turnkey facility offers a stable income stream and significant growth potential within the thriving North Idaho economy. The property is free and clear of any ground lease.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Post Falls
- County
- Kootenai
- State
- Idaho
- Longitude
- -117
- Latitude
- 47.7066
- CBSA code
- 17660
- CBSA name
- COEUR D'ALENE, ID METROPOLITAN STATISTICAL AREA
