Pleasant View Self Storage / Fairchild Mini Storage
485 Units | 75,930 SF | Stabilized Portfolio
Marketing description
The regional portfolio features two well-positioned assets strategically placed in high-growth submarkets along Interstate 90 and U.S. Route 2 corridors. Pleasant View Self Storage is located at 189 S. Pleasant View Road in Post Falls, Idaho, sitting immediately off I-90 (Exit 2). This corridor serves as a primary logistical and residential conduit between Coeur d’Alene and Spokane, benefiting from North Idaho’s rapid population expansion and the development of nearby master-planned residential communities.
Conversely, Fairchild Mini Storage at 1529 S. Craig Road in Airway Heights, Washington, commands a prominent position on the West Plains of Spokane County. Positioned just off Highway 2, this facility sits in the center of one of Eastern Washington’s most aggressive industrial and commercial development booms, heavily driven by the expansion of the Spokane International Airport aerospace hub and massive regional distribution centers.
Both properties feature robust, highly functional construction designed for low-overhead operational efficiency and reliable tenant security. Pleasant View Self Storage delivers a balanced mix of traditional drive-up storage configurations (ranging from 5x10 to 12x40) units equipped with dual roll-up doors) alongside budget-friendly interior-corridor ground-level units. This configuration allows operators to capture a broad demographic, from recreational enthusiasts storing Spokane River watercraft to local students from North Idaho College.
Fairchild Mini Storage optimizes its layout with high-ceiling, ground-level drive-up units (up to 12 x 40) alongside high-demand uncovered RV and boat parking spaces. Wide driveways are standard across both facilities to accommodate 18-wheelers for smooth tenant move-ins. Property security features are institutional across both locations, incorporating perimeter fencing, electronic keypad gate access, advanced LED lighting networks, and digital video surveillance. Additionally, the Airway Heights asset features an embedded revenue generator as an established U-Haul truck and trailer dealership, capturing high-margin moving supply and rental revenue.
Investment highlights
- Premier value-add opportunity with an immediate pathway to increased yield through sophisticated operational optimization
- Both facilities are stabilized occupancy and cash flow positive day one.
- 485 units/ 75,930 Net Rentable SF
- Own a regional portfolio across (2) strong economic and growth markets. Both assets occupy strategic, high-visibility footprints within explosive industrial and residential growth corridors.
- Significant Value Appreciation: The investment provides substantial wealth creation through appreciation. The property is acquired at an initial value of $7.3 million and is projected to reach a residual sale value of $10.20 million by Year 5. This represents over $2.85 million in asset value creation over the hold period.
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