52424 N Old Highway 95
Rathdrum, ID 83858
North Hayden Storage (Built 2018) · Specialty Property For Sale · 48,730 SF

Beautiful new storage facility located just 4 minutes north of the Hayden, Idaho city limits. Includes an immaculate 2,520 sqft office with a two car garage and an unbelievable 1,800 sqft owners living quarters. Built in 2018, this 13+/- acre facility can be seen from US Hwy 95. Phase one has four 90 x 126' storage buildings for a total of 45,360 sqft with 72 units and sizes 14 x 42, 14 x 44, 14 x 46, and 14 x 48. All units have lighting and electricity. The entire facility is video monitored by a state-of-the-art security system with individual key coded gated access, has a six foot security fence, and is already approved for five more storage buildings. Plenty of space between buildings allows easy access for large RVs and boats (70 feet). The front rental office building has a beautiful separate 1800 sq. foot living space with a large kitchen with island, living room, two large bedrooms (both with walk-in closets) and two bathrooms, small office area (separate from main business office), laundry room, workout or flex room, with a large two-car garage. Main business office has a bathroom also. Business office is separate from living space (door locks between the two). The office has a 26kw natural gas backup generator . Landscaping and grass areas have sprinkler and drip irrigation installed. Every storage unit is individually monitored for fire. The fire system will alarm and the 24 hour monitoring service will notify the local fire department. *EVERY aspect of this project and the five buildings was designed well beyond the normal building standards and code (150% required roof snow load, heavy 26 gauge steel roof & wall materials, 3+" asphalt, 5 -6 inch thick industrial concrete, heavy duty fencing, the 26kw backup generator, and everything inside and out of the owner's office/living quarters). *Currently the rental rates are well below the area rates. Increasing rates just $25/mo will add another $21,600/year making the annual gross income potential of $258,984 for a net income $220,512 with a cap rate of 6.7% (additional future rate increases will continue to raise the cap rate further).. Adding 4-5 boat buildings would be a perfect complement to the owner operated business and would allow a cap rate of 8-10%. The new owner could also rent out the 1,800 sqft living quarters with internet, dish & all utilities paid along with a two car garage for another $1,500/mo further increasing the cap rate.