Spokane, WA – American Real Estate Associates, in partnership with Argus Self Storage Advisors, is pleased to announce the sale of Tri City Storage, a newly built self storage and RV facility located at 475 West 100 South in Paul, Idaho. The property closed on July 2, 2025, for a sale price of $1,175,000.
Constructed in 2022–2023, Tri City Storage sits on over 5.5 acres and features a total of 73,080 rentable square feet, including 17,000 square feet of enclosed self storage and over 56,000 square feet of covered RV and boat parking. With 186 units and an additional 87 uncovered vehicle parking spaces, the facility provides a strategic opportunity in the growing Southern Idaho Valley.
At the time of sale, the facility was approximately 56% occupied, offering significant upside through lease-up potential, rental rate increases, and expansion capacity. The property is fully fenced and equipped with modern security features, online rental software, and an established website presence at www.tricityrvstorage.com.
“This transaction represents a strong acquisition opportunity for the buyer, with the facility priced well below replacement cost at just $65 per square foot,” said Ryan Layton, Broker at American Real Estate Associates and Argus Self Storage Advisor for Eastern Washington and Idaho. “The property’s modern construction, growth potential, and strategic location between Twin Falls and Pocatello made it an attractive investment.”
Argus Self Storage Advisors, the nation’s largest network of self storage brokers, has completed over 2,000 transactions totaling more than $6 billion in volume. This sale further reinforces Argus’s commitment to delivering proven results by combining national reach with local expertise.
Ryan Layton and Greg Meager are the Washington Broker Affiliates for Argus Self Storage Advisors and specialize in Self Storage investment properties. They can be reached at 509-435-2424.
Based in Denver, Colorado, Argus Self Storage Advisors (Argus) was formed in 1994 to assist owners and investors of self-storage with their real estate needs. Through the years, Argus has assembled a network of real estate brokers experienced in self-storage and income property investments. Now the largest self-storage brokerage network in the United States, the Argus network has 36 Broker Affiliates covering nearly 40 markets. These brokers are able to meet the needs of self-storage investors and owners whether it is acting as a buyer’s agent or listing and marketing a property. For more information call 1-800-55-STORE or visit www.argus-selfstorage.com.
