investment highlights
- NEW CONSTRUCTION // The facility was opened in August of 2020. Constructed with steel buildings, standing seam metal roofs, and asphalt drive aisles. The property also features a large professional leasing office and attractive curb appeal.
- FAST LEASE UP // The property is far exceeding lease-up projections even with high supply in the area. The property is currently 87 percent leased by square footage and 86 percent leased by unit count.
- GREAT POPULATION GROWTH // The greater Boise MSA has been one of the fastest-growing metropolitan areas in the country. The population of Nampa has doubled since 2000 and has grown 27 percent since 2010.
- UPSIDE POTENTIAL // The property’s advertised rates are currently 14 percent below market average with their closes competitor 17 percent higher and nearly full occupancy. A new owner will benefit from growing demand and increasing rates on both new and existing tenants.