189 S Pleasant View Rd Post Falls, ID 83854

Property Details for 189 S Pleasant View Rd

Year built

2022

Lot size

2.05 lot acres

Property size

15,980 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

P390005088AB

APU

P390005088AB

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.

Location Insight

City

Post Falls

County

Kootenai

State

Idaho

Longitude

-117

Latitude

47.7066

CBSA code

17660

CBSA name

COEUR D'ALENE, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments