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2403 Jordan Ln
Filer, ID 83328

$1,200,000 USD

Specialty For Sale  •  26,801 SF

Property Details

• Property Type Specialty
• Total Building Size 26,801 SF
• Lot Size 2.3 AC
• Building Class C
• Year Built 2005
• Cap Rate 7.41 %

10 Walk Score

Highlights

Strong value-add: facility is 60% occupied with seller occupying several units himself

77% of enclosed units are 10x15 or larger, enabling longer rental terms

36 open parking spots around perimeter offer future expansion potential

Offered at $44.77/NRSF, far below replacement cost for new development

No online rental capability or ancillary income streams currently in place

Year 2 pro forma cap rate of 7.41% with continued upside through stabilization

Cap Rate:

7.41 %