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AAA Self Storage in Lehi, UT for Sale
$695,000 – 7.25 CAP Rate
UNDER
CONTRACT
Marcus &
Millichap is pleased to offer AAA
Storage in Lehi, Utah. The subject
is located between Salt Lake City
and Provo, Utah, along the
magnificent Wasatch Front. Lehi
offers the best of western living
with all of the amenities of a big
city nearby including professional
sports, recreation, theater, ballet
and other arts. Population growth in
the area continues to boom because
of the equal distance from Salt Lake
City and Provo, which makes the city
the geopolitical center of Utah.
Currently, the
subject is 100% occupied and the
average yearly occupancy ranges
between 90% to 100%. AAA Storage
offers a variety of unit sizes of
5x10 up to 10x30 units and possess a
total of 68 units. The subject
grosses $68,000 income per year,
which allows for a loan at a 75/25
loan to value (LTV). Lehi has
experienced a huge surge of new
residential construction the last
couple of years. This surge in
growth has led to new national
retail tenants moving into the
community such as; Target, Cosco and
Cabela's. Also, it is positioned
near The Traverse Mountain project,
which will include four million
square feet of retail space and
8,000 homes upon completion. AAA
Storage has not raised rents in some
time.
CONTACT:
Jason S. Smith at
801.736.2600 (Office)
801.350.9112 (Fax)
or use the form below to send an email
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Comment
Dear SSBay.com,
I had my listing for a mini storage on your website and I was
honestly impressed by the number of calls that I got from
qualified buyers that found my listing on your site. You must be
advertising in the right places. I've since sold my mini storage
listing and I'm currently working a few of these buyers to help
them find other mini storage facilities for sale. Thanks for
your help.
Richard Rasmussen Designated Broker Sunbelt Business Advisors,
LLC.
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