$910,000
A-1 Canyon
Storage is an excellent investment located
in the quaint town of Morgan, Utah. It
contains 69 units, 28 of which are 10x20
units which bring in the largest amount of
income. The expenses are 13% of the gross
rents and there are no utilities bills to
pay. There is also room to add 5600 more
square feet, adding big upside in this deal.
This facility is very lucrative because of
its consistent economic occupancy rate
around 93% and presents an opportunity for
an owner/user or an outside investor.
Currently, the co-owner of the facility
manages the facility because he lives
nearby. He has lease agreements ready and
collects checks monthly. He would consider
being hired to continue to manage A-1 Canyon
Storage at a negotiable price.
Also
the facility has had a good year. They
are consistently around 93% occupied and
have been for the last couple months.
The higher occupancy is a direct result
of the Morgan population growth. There
is a very nice new development on the
east side of I-84, and Morgan is
becoming a more popular place to live.
With Powder Mountain and Snow Basin ski
resorts near, people have taken a liking
to Morgan's close access to outside
recreational parks.
CONTACT:
Jason Smith at 801.736.2600
or Use the Form Below to Send an eMail
