Contacts

Andrew Boespflug

TOK Commercial

Property Details

Property Type Industrial - Storage
Property Size 66,080 SF
Lot Size 4.89 Acre
Year Built 2021
Date Updated Sep 1, 2026
HVAC None

The property serves a growing portion of the Boise MSA near the Boise River and expanding residential development. Within five miles, the surrounding area includes more than 21,000 existing subdivision lots and nearly 9,800 planned lots, while the population is projected to grow from approximately 76,954 to 90,370 over the five-year forecast period.Extra Space Storage presents the opportunity to acquire a modern, stabilized self-storage investment in Caldwell, Idaho. Built in two phases in 2021 and 2024, the property includes 449 total units consisting of 415 self-storage units and 34 covered RV/boat parking spaces, with a 12-month average occupancy of 94.1%. The current third-party Extra Space Storage management agreement expires in September 2026, providing a buyer with flexibility to retain the existing platform or transition to a new operator and brand.

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Highlights

Diversified Storage & Parking Mix 415 self-storage units are complemented by 34 covered RV/boat parking spaces, broadening the property’s customer base and revenue streams.
Embedded Revenue Growth In-place self-storage rents average approximately 97% of market, with additional upside available through continued rate management and lease-up of remaining vacancies.
Expanding Local Customer Base Population within five miles is projected to grow from approximately 76,954 to 90,370 over the five-year forecast period, supporting continued storage demand.
Flexible Extra Space Management & Branding Opportunity Currently operated under a third-party Extra Space Storage management agreement that expires in September, giving a buyer the flexibility to retain the Extra Space platform or transition to a new operator and brand.
Modern, Recently Completed Facility Built in two phases in 2021 and 2024, offering newer construction, modern improvements, and limited near-term capital needs.
Strategic Treasure Valley Location Positioned between Middleton and Caldwell near the Boise River, with access to expanding residential areas and the broader Boise MSA growth corridor.
Strong Stabilized Operations 12-month average occupancy of 94.1% across 449 units, reflecting consistent demand and a stabilized operating history.