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Lemhi Valley Storage & Business Park

Salmon, ID

Lemhi Valley Storage and Business Park is a diverse opportunity offering self/mini storage units that are 95% rented and a 5+ tenant business rental with a stable income stream and one of the area’s most complete Auto Repair Services as an anchor tenant. In 2003, the Buyer bought Lemhi Valley Storage and Business Park as a long term investment realizing that he would need to spend both money and time to modernize the storage and improve the Business Park. He has met his goal and the investment has realized a reliable adjusted income of $35,000+ per year. In Salmon, this project is a very strong passive income opportunity since the Owner has relocated and continues to operate passively without site management. Recently the smaller storage units posted a monthly increase without a negative impact to customer base. The Main Street location across from the City Park I Golf Course provides strong marketing and also offers full time security for the mini storage. The storage buildings are strategically designed with four core buildings offering 12 larger rentals and four smaller units for a total of 61improved rental sites with an opportunity to add future units. The traffic and Business Park offer security for the complex that has not reported any loss for several years. Salmon, Idaho continues to be the state’s most desired destination town offering great diversity to the outdoors. Although the community has suffered the world’s demand for precious minerals impacting the areas mines, the community continues to boast improved revenue from recreation, tourist and folks settling in valley for retirement. Lemhi Valley Storage and Building Park continues to offer quality rental units. The property is 100% paved, the units have metal roofs, upgraded doors, and the offering does not have any deferred maintenance.

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