Anton Mini Storage

Withdrawn Industrial for Sale
Catylist Listing ID: 30149085
Property Subtypes: Self Storage
Building Size (RSF): 17,665 SF
Gross Building Area: 18,595 SF
Gross Land Area: 1.09 Acres
Sale Price: $1,475,000
Unit Price: $83.50 PSF
Office SF: 2,715 SF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.3%
Average Occupancy Rate: 99
Withdrawn On: 9/28/2017
Last Updated: 9/28/2017

Overview / Comments

Originally designed and built to house a business in addition to the mini-storage facilities. Same family has owned since originally constructed. Owner has outgrown the office space and needs to move into a new facility. Owner must lease back the office area (see attached cash flow valuation) for a period of time depending if they buy or build a new office and warehouse facility for their own use. Market is strong and no problem leasing for the rates shown when they move. Located across the street from large apartment complex and assisted living facility and there is nary a vacancy. Rents are low and owner has a list of people that would like to lease if units should become available.

Additional Details

Nearest MSA: Coeur d'Alene
County: Kootenai
Taxing Authority: Kootenai County
Tax ID/APN: 170463
Zoning: COMMERCIAL
Property Located Between: N 4th Street and N Government Way on the S side of E Anton.
Highway Access: I-90 to N 4th Street exit and a few blocks North to E Anton Ave, then turn West
Airports: Coeur d Alene and Spokane International
Site Description: level and rectangular
Area Description: Busy mid town location across the street from apartment and assisted care facility. Les Schwab tire on the West Side, office on the east side.
Tenancy: Multiple Tenants
Total Number of Buildings: 6
Number of Stories: 1
Property Condition: Good
Year Built: 1989
Roof Type: Hip
Construction/Siding: Block
Parking Type: Surface
Parking Description: Parking sufficient for office in addition to the mini-storage
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee estate
Legal Description: W 191.05 FT E 221.05 FT TX #6319 (IN SW-SW) 01 50N 04W

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,026 46,420 69,208
Median Age: 35.05 36.66 38.51
Households: 6,122 19,292 28,097
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