BOISE, ID | The LeClaire Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of All Storage Northwest, a 67,505 square foot storage facility located in Hayden, Idaho.
Thomas Parsons, Investment Associate, and Adam Schlosser, First Vice President Investments, in cooperation with Paul Ryan, a Senior Investment Associate in Marcus & Millichap’s Boise, Idaho office, had the exclusive listing to market the property on behalf of the Seller, a local LLC. “The North Idaho market has the fastest growing population in the country which helped produce multiple offers from national buyers,” said Thomas Parsons of Marcus & Millichap. The buyer was a well-qualified west coast investor who appreciated the quality of the asset and the local area.
All Storage Northwest has 500 total units consisting of drive-up non-climate controlled units and interior climate controlled units. Built in 2016 by Northcon, Inc., a national builder located in Hayden Idaho, the facility is fully fenced, well lit, gated with keypad access, and has 24-hour digital video surveillance.
From 2000 to 2016 the 5-mile population around All Storage Northwest grew an impressive 51 percent and is projected to grow an additional 11 percent in just five years time. Coeur d’Alene/Hayden is the fastest growing metro area in Idaho, and Idaho is the fastest growing state in the country. The broker of record was Paul Ryan, license #DB39666, at (208) 401-9321.