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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.

Lehi UT Storage for Sale

Self-Storage in Lehi UT for Sale

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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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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