North Star Storage

Property Title

4328 W Grange Avenue
Post Falls, ID 83854

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investment highlights

  • New Construction Built in 2018 with Three Acres Available for Expansion
  • Best in Class Amenities
  • Strong Population Growth – 23 Percent Since 2010
  • Extremely Quick Lease-Up
  • High Traffic Area

property summary

North Star Storage, located in Post Falls, Idaho, is comprised of 37,228 net rentable square feet on approximately 4.8 acres. The property currently features a total of 134 rentable spaces comprised of 94 drive-up enclosed storage units and 40 outdoor parking spaces. The property opened in August of 2018 and reached 90 percent occupancy in July of 2019, showing the strong demand for storage in the region. The facility features best in class amenities including, but not limited to, paved drives, individual door alarms, on-site manager, professional leasing office and 24-hour digital video surveillance.

Post Falls, Idaho is conveniently located between Spokane Valley, Washington and Coeur d’Alene, Idaho, two communities experiencing strong growth towards Post Falls. There are approximately 47,939 residents and 17,751 households with an average household income of $64,301 in a five-mile radius. The five-mile population has grown 23 percent since 2010 and is projected to grow another 11 percent by 2024.

North Star Storage is currently 98 percent occupied, presenting an investor with the opportunity to acquire a newly constructed, wellperforming asset. With nearly three-acres of undeveloped land, a new owner could explore expanding the self storage or outdoor parking options to increase returns. Post Falls is situated directly in the path of growth for both Spokane Valley and Coeur d’Alene, making the facility well positioned to capitalize on the future growth of both communities.

Broker Information

Paul Ryan

Broker of Record

Phone: 208.401.9321
Email: paul.ryan@marcusmillichap.com
License: ID DB39666

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