Listed by TOK Commercial
$280,000
Club Storage Condo Investment Opportunity - Unit A110
Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 1,350
Cap Rate 6.84%
Occupancy 100%
Year Built 2025
Industrial | 6.84% CAP | 1,350 SqFt
Marketing description
TOK Commercial Real Estate is pleased to present the opportunity to acquire Unit A110 at Club Storage Condos, a brand-new luxury storage condo investment located at the intersection of Ustick and Star Roads in Meridian, Idaho. This 1,350 SF storage condominium is currently 100% leased with a newly established tenant, offering investors immediate income and a projected 6.84% cap rate.
Completed in 2025, Club Storage Condos provides high-quality construction and modern amenities designed to accommodate a wide range of uses including business inventory storage, recreational vehicles, boats, and collector cars. The facility features 18’ ceiling heights, 14’ x 16’ roll-up doors with automatic openers, insulated metal walls, fiber-reinforced concrete floors, and climate control via minisplit HVAC systems, creating a versatile and secure storage environment.
The property is located within a fully fenced, secure facility with coded entry and security cameras, and owners and tenants have access to a clubhouse equipped with Wi-Fi, full kitchen, TV, restrooms, and shower facilities. The units also provide 100 amps of electrical service, allowing for a variety of storage and operational needs.
Strategically positioned in the rapidly growing Meridian / Star corridor, the property benefits from exceptional regional accessibility. The site is only minutes from the future Highway 16 extension, which will serve as a major gateway connecting I-84 through the Treasure Valley, significantly enhancing long-term accessibility and growth potential.
Offered at $280,000, this investment presents a rare opportunity to acquire a stabilized, income-producing luxury storage unit in the only centrally located storage
condo development serving Nampa, Meridian, Eagle, and Star.
Investment highlights
- 6.84% cap rate with immediate cash flow from a newly established, 100% leased tenant
- New construction (2025) offering modern design and low maintenance
- Attractive income profile with $20,250 annual base rent and lease term stability
- 1,350 sf versatile unit ideal for business storage, r vs, boats, and collector cars
- Premium build features including 18’ clear height, 14’ x 16’ roll-up doors, and climate control
- Secure, amenitized facility with gated access, security cameras, and clubhouse (wi-fi, kitchen, restrooms, shower)
- Strategic location in growing meridian/star corridor with strong regional demand drivers
- Proximity to future highway 16 extension enhancing accessibility and long-term upside
- Cap rate: 6.84% (landlord pays property taxes)
- Initial term two (2) years
- Renewal option one (1) option to renew the lease term an additional two (2) years
Listing Contacts
Listed by TOK Commercial
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