BIRD Realty Advisors today announced the sale of Grand Teton Storage & Business Park, a 45,000 rentable square foot facility with a total of 249 units. The property is located in close proximity to Brigham Young University Idaho (BYU-Idaho) in Rexburg, Idaho. BYU-Idaho has now grown to become Idaho’s largest private University with over 19,000 students.
“It was an exciting transaction from start to finish. Seller, buyer, lender and all involved were excellent to work with and it was a very smooth transaction. The buyer was able to secure excellent financing from a strong regional bank and has plans to update the property and increase management efficiencies to provide even better service to current and future renters.” – Matt Bird.
Richard and Mathew Bird, BIRD Realty Advisors’ Managing Partners, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a Utah-based self storage investor, was also secured and represented by BIRD.
Situated on 4.24 acres, Grand Teton Storage encompasses 45,000 rentable square feet. Built in 2009, this 249-unit facility also includes 6 warehouse units with additional vacant land for future expansion. The property is located at 1133 South Railroad Avenue in Sugar City, Idaho, a vibrant and growing commercial district just north of Rexburg, Idaho.
About BIRD Realty Advisors
BIRD Realty Advisors is a regional commercial real estate brokerage firm specializing in the sale of investment properties, development land, and farm & ranch properties in the Western United States. To learn more, please visit: BirdRealtyAdvisors.com.